Word: outstripped
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Moved PermanentlyMoved PermanentlyFortune Investor DataPrivately, Alan Greenspan can crow a little. With one eye on the so-called "new paradigm," in which tech-driven productivity gains naturally outstrip price pressures, and the other eye on a shaky Latin America, the Fed chairman isn?t anxious to raise rates. But some of his FOMC colleagues at that big mahogany table have been getting antsy about the Fed?s turning into a paper tiger, kowtowing to the stock market and letting the economy run wild and free. This week?s numbers give Greenspan a perfect reason not to listen. "There?s just...
...valuable ones can resell them for thousands and even hundreds of thousands of dollars. (Three Star Wars sites--EPISODEI.com and its two sequels--were recently sold for $1 million on eBay.) Given that the number of websites is doubling every year, the demand for new com names must someday outstrip the supply...
...hundred years ago, the English economist Thomas Malthus calculated that the world's population would soon outstrip its food-growing capacity. What he didn't anticipate was Norman Borlaug. Working in Mexico from 1944 to 1960--long before the advent of modern biotechnology--the U.S. biologist developed a hybrid strain of wheat that was enormously more prolific than its natural cousins. Borlaug's "miracle wheat" allowed Mexico to triple its grain production in a matter of years, and when his hybrid was introduced in south Asia in the mid-1960s, wheat yields there jumped 60%. Miracle strains of rice...
...maybe not. But one thing is certain. The demand for skilled employees--especially technology people--will outstrip the supply for the next hundred years. Managers won't be able to tyrannize their rare and valuable technology experts. The balance of power will continue to shift. In the next generation, engineers will rule the corporate world...
That may ease the labor shortage but will not end it. Demand for high-tech workers will still outstrip the number of new graduates versed in science and math, creating employment bottlenecks. Fromstein suggests that one solution would be to attract more female students into these fields, which are still regarded, irrationally, as "male oriented...