If the supply of technically proficient workers gets a big boost, wages would likely fall, at least modestly.
Although Goldman is one of the investment banks leading the giant Facebook I.P.O., technically its workers are not allowed to browse the social networking site.
Bill Gates has said that the public-school system is "obsolete," and no longer produces enough technically qualified workers to allow America to compete internationally.
Rather than fight transilience, a number of countries are trying to benefit from it by keeping their borders open to technically advanced workers.
The deal would give E.D.S., an information technology services company, a stronger footing in India, where English-speaking and technically skilled workers draw a fraction of the salaries of their Western counterparts.
The union's ABC section secretary, Sinddy Ealy, said: "The ABC has never been more reliant on technology, yet in just two months the ABC has axed 42 jobs and sacked some of the most technically experienced workers they have.
Google's options then are to keep production in Silicon Valley and rely heavily on automation (limiting the employment benefits), to move production some place where technically skilled workers are cheap (like Asia), or to lose business to a firm that is able to automate or relocate.Americans working to produce traded goods and services earn, roughly, according to their productivity.
Sputnik forced U.S. leaders to ask, perhaps for the first time, whether the country had a sufficient supply of technically adept workers.
Some analysts and high-tech companies see a dearth of technically trained workers and say that the situation is hobbling economic growth and innovation.
These advocates have emphasized America's purportedly dire shortage of scientifically and technically trained workers and the apparently magical power of immigrants to create jobs for Americans.
