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

Re:how is it

[DaveV1.0]

I don't know how you were voted interesting when the term "trade war" has been around a very long time and is a political and economics term.

It is not that "every american businessman inevitably refers to business process in terms of war." Rather, many businessmen of all countries use the same terminology and you are picking on American businessmen because you are most-likely anti-American.