Interesting article. It's sort of a follow up to the article BuckeyeT posted on the 8B that Intel is investing in new and/or expanded plants for it's .32 chips. BTW I must say that El JO'Co said pretty much the same thing as is reported in the article I have linked, back when everybody was aghast at the tech support/telecom marketing jobs going to India. That is that low paying jobs would be sent where low wage earners are and that the US would just move on to higher tech stuff that pays more. US Mfg
High dollar stuff....but not necessarily a lot of high dollar jobs. It's the middle class that drives our domestic economy because of sheer numbers and buying power.....but that sector is hard hit by loss of jobs, underemployment and loss of consumer confidence.
I assure you that there are many, many, many high dollar, high value, high in intellectual capital jobs at AMAT, INTC, MSFT, CSCO, GE, JNJ, AMGN, etc, etc, etc......what you are saying is simply uninformed and untrue.
In those companies the per worker income is very high....certainly. What I am saying is that of the entire population of middle class working age Americans these industries do not represent many people percentage wise.
.....you need to get out of this industrial midwest, smokestack industry mindset and look around the country. Tech firms IBM and HPQ, and GE as well all have more employees on the payrolls than any of the auto companies. INTC, JNJ, MSFT, CSCO, ORCL, and drug companies PFE and MRK have an employee base between them larger than GM and FORD combined.....with dominant competitive positions world wide in businesses on the cutting edge of global development and innovation with dynamic growth prospects and attractive, exciting and lucrativev career paths for their employees......while at the same time spinning off new start-ups with investment and innovation that often yield the next batch of technological development......the notion that US manufacturing is dead is only true if you're standing in the middle of a smokestack....our country is VASTLY larger and more diverse than that limited view provides for you...