Friday, July 9, 2010
Zorro, a frequent commenter, has shared a great article by Andy Grove,"How to Make an American Job Before It's Too Late." It deals with our misplaced emphasis on technology startups and their ability to create jobs. Think about it. How many jobs have Facebook created? Twitter? MySpace? So, we have replaced industrial jobs for technology ones that don't create jobs. This scenario ensures that the rich will continue to get richer and the poor will continue to get poorer. It is no surprise that the income gap between the rich and poor is the highest in 80 years. Being from Detroit, I have seen jobs disappear for many years so that the profit of corporations could increase through outsourcing. If we don't course correct, Lenin's quote will become true: "The capitalist will sell us the rope that we will hang them with."