Posted 8/27/2009 6:04 am
I work for a large (American) technology company. I'm an engineer. Our higher management mentioned on multiple occasions that the biggest issue they foresee is the number of engineers graduating in the US. Also as a multi-national company we need to expand in other markets and decentralize our R&D. So now we have developments centers in half dozen countries and many like myself live remotely.
So I think on Intel's part, they are reducing cost, but also in order to compete in other markets (remember there are other markets outside the US) they need to expand outside, find engineers, lower cost etc... it is part of the business.
If it was easy as keeping jobs here, the government would have somehow made it difficult for US companies to hire outside, but then how do you deal with multi-national companies? and how about US products that sell overseas. This is a very complicated problem. We do need jobs here for sure, I agree. How do we grow the job market? I think one way is to develop technology here. See that many of our students in the US earn college degrees. Fund research etc.. Cost of living is just one factor in the equation.
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