grove is right - Just because Intel "grew up' without manufacturing competition does not mean that in today's economy that tariffs are not needed.
Reader comment on: Andrew Grove on Job-Creation
Submitted by r joss (United States), Jul 10, 2010 19:01
Just because Intel "grew up' without manufacturing competition does not mean that in today's economy that tariffs are not needed.
For different reasons,(mostly short term stock price gains and increased bonuses), US executives tried to improve manufacturing costs by off-shoring existing jobs. This works for a while until these companies lose the ability to create state-of-the -art products. Of course, by then, these executives have moved on to other companies where the same cycle gets repeated. Cut costs by off-shoring jobs, books look good for a while, then the company loses the ability to develop new products.
The Chinese government has, on an active basis, subsidized manufacturing costs to build a manufacturing base. China also sells the same goods in the U.S. for less than the price in China.
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