Intel Co-Founder Calls For Tax On Offshored Labor

theodp writes "Intel co-founder and ex-CEO Andy Grove calls BS on the truism that moving production offshore to locations with much lower wages is a sound idea. 'Not only did we lose an untold number of jobs,' says Grove, 'we broke the chain of experience that is so important in technological evolution. As happened with batteries, abandoning today's "commodity" manufacturing can lock you out of tomorrow's emerging industry.' To rebuild its industrial commons, Grove says the US should develop a system of financial incentives, including an extra tax on the product of offshored labor. 'If the result is a trade war,' Grove advises, 'treat it like other wars — fight to win.'"

Comments

Grove is a two faced ....

[AnonymousClown]

When Grove was CEO of Intel, HE was the one who moved much of their R&D overseas because they were "unable to get qualified Americans."

Re:Grove is a two faced ....

[hitmark]

more correctly, what was in the best interest for the shot term profits of the intel shareholders. The long term viability of intel, or for that matter, any national economy, is at best secondary.

Re:How do you decide what's offshored labor?

[QuantumRiff]

Then they just do what haliburton did, and move their headquarters out of the US, to Dubai...

Re:Is Grove running for office?

[trigeek]

Are you serious? Intel is one of the few companies that still fabs most of its chips in the United States (Arizona, New Mexico, and Oregon). There are also fabs in Israel and Ireland, but the bulk of the fabbing is done in the US. The packaging is done in Indonesia, China, etc, but that's not where the real money is.