Thursday, July 01, 2004

Reality Sets In

Whenever a new idea or technology obtrudes there is generally the same reaction. First enormous enthusiasm, which grows and grows until everyone who is remotely concerned is pulled in. Second, growing realization that perhaps this new idea is not the answer to all of life's problems after all. Third, disillusionment if not despair. Finally, a realization that the new idea has its place, and an accurate assessment of where that place might be. We've just witnessed the full cycle in the Internet boom and bust.

The last few years have seen a mini-boom in the idea that outsourcing American jobs, particularly technology jobs, is going to--once again--solve all of lifes problems. It would seem that the reaction has already set in.

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