My good friend Ilan Segev brought to my attention an interview with Jeffrey Immelt, CEO and Chairman of GE, where he commented on this great news about globalization:
More people will graduate in the United States in 2006 with sports exercise degrees than electrical engineering degrees. So, if we want to be the massage capital of the world, we're well on our way. But we're not going to be on our way to develop the kind of jobs we want for our economy — you know, the $20-an-hour, $25-an-hour, $30-an-hour jobs. They are not the ones being created by our education system right now.
This is great! Not only are there going to be sufficient massage therapists for all cyclists, but he is forecasting that the hourly rate is going to go down significantly. I am lucky to find a good massage therapist for $60 per hour right now. All in all, good news for cyclists.
With this news, I imagine we will all be much too relaxed to worry about the impact on other sectors of the economy.