You won't prosper with a weightless economy

[barryqwalsh]

Analysis A few years ago, Andy Grove took the Davos crowd to task. The received wisdom at the time – and it still is – was that America's future was as a "knowledge economy."

It was 2010, and the former Intel CEO lamented that Foxconn employed more people – 800,000 in total – than Sony, Intel, Apple, Dell, Microsoft and HP combined.

Grove was fed up with being told that prosperity would come if the US continued to export jobs and manufacturing skills. And that the future was startups. This was a load of rubbish, he pointed out in a comment piece.



Lost in the obits: Intel's Andy Grove's great warning to Silicon Valley

 

[Jomama]

As someone who runs manufacturing companies, I agree. And America needs more STEM students to keep pace. And we need an educational system that can get us from 30th back to first in math and science. And skilled work has to be more glamorous than the dole.

But maybe we're all just happy with declining real wages, unaccountable education, and growing joblessness. Seems easier to accept that than to demand real leadership and change in ourselves and in our institutions.

 

[EdwardBaiamonte]

But maybe we're all just happy with declining real wages, unaccountable education, and growing joblessness. .

Republicans are not happy which is why they want capitalism to fix the problems you describe. Democrats are not happy either which is why half of them want a filthy communist to fix the problems. Do you understand?