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14 February 2009 @ 09:46 am
Intel update  
From this article.

Bad News:
Intel said in January it would close five plants in California, Oregon, Malaysia and the Philippines with the loss of between 5,000 and 6,000 jobs.

Good News:
Computer chipmaker Intel has announced plans to build new plants worth $7bn (£4.78bn) weeks after announcing the closure of five plants. The world's biggest chipmaker says the investment will fund 7,000 jobs in Oregon, Arizona and New Mexico.

May the plans work out. I'm glad to see a U.S.-based company taking seriously its responsibility to generate employment in the U.S. Think global, act local. This is, in my not so humble opinion, a big part of how the U.S. f-ed up in the first place and got into this mess. If we have nothing to export but brains and raw materials, of course our economy is going to fundamentally change. (Says the engineer who feeeears economics)
 
 
 
VAXhackervaxhacker on February 14th, 2009 07:11 pm (UTC)
Yeah, I'm sure crossing my fingers that it works out for Intel :)
Beththepresident on February 14th, 2009 07:18 pm (UTC)
Me too. I sure wouldn't want their employees to lose their free coffee. Or bananas. Err...
VAXhackervaxhacker on February 14th, 2009 07:19 pm (UTC)
Or the use of conference rooms to play D&D in on Saturdays?
Beththepresident on February 14th, 2009 07:24 pm (UTC)
I PLEAD THE FIFTH!! Especially about obtaining visitor badges for other people to do so!
tenshiemi on February 14th, 2009 07:53 pm (UTC)
This might interest you: http://pcic.merage.uci.edu/papers/2008/InnovationAndJobCreation.pdf

(I have not read through the study, just an article about it but I can't remember where I read about it)

At the least I'd say it's arguable that we are better off as a whole letting manufacturing jobs go overseas. With the caveat that I think it's crucial that we require US companies to maintain fair working conditions in other countries, cheaper labor -> more iPods sold -> more jobs created and it also takes less money to improve the living standards of the poor in other countries. If all manufacturing was done in the US it's quite possible that there wouldn't be that many more US jobs and Apple would certainly be employing fewer people worldwide.