Former Intel chief’s comments on creating jobs (3 letters)
Re: “How to make an American job,” July 18 business column.
Former Intel CEO Andy Grove’s column was a welcome dose of sanity. Imagine — a successful businessman who can, with depth and clarity, question our “unquestioned truism … that the free market is the best of all economic systems — the freer the better.” I have maintained for years that a completely “free” market (and its social basis in the cult of the individual) is, at its extreme, as destructive as any totalitarian, state-planned economy and its elevation of the masses.
Mr. Grove makes great sense when he states that the government plays a strategic role in reviving our manufacturing base, even more sense when he suggests that goods produced by U.S. companies using offshore labor should be taxed, and most sense of all when he asserts that business has a responsibility, not simply to increase profit for executives and shareholders, but “to maintain the industrial base on which we depend and the society whose adaptability — and stability — we may have taken for granted.”
Robert Jaeger, Englewood
This letter was published in the July 24 edition. For information on how to send a letter to the editor, click here.
I hope that those who make or influence economic policy at the local, state and national levels study Andy Grove’s column.
Before my retirement, I spent most of my engineering career doing research and development. I did my best work in complete companies that developed, manufactured and sold products. Engineers and scientists who develop new technologies and design new products need ongoing feedback from the manufacturing line and from customers.
Without the “scaling” of innovations from concept to volume production in U.S. factories, we not only miss out on most of the new jobs, we also miss out on feedback that is important to maintaining our leadership in developing new technologies and products.
Henry Stevens, Colorado Springs
This letter was published in the July 24 edition. For information on how to send a letter to the editor, click here.
Andy Grove’s column made an excellent point about startups and job growth. Eastern Pennsylvania’s Lehigh Valley, which includes the cities of Allentown, Bethlehem and Easton, provides an excellent case in point. This area can be considered a microcosm of American industry, which once included industrial icons such as Bethlehem Steel.
For the sake of discussion, and not having exact numbers, assume that Bethlehem Steel laid off 3,000 workers when they closed in 1996. Around this time, several area universities and Pennsylvania formed the Ben Franklin partnership, which was intended as a new business “incubator.”
Several years later, Lehigh University’s alumni bulletin reported that the Ben Franklin partnership created approximately 300 jobs annually. At that rate, replacing the jobs lost at Bethlehem Steel would take 10 years; even a Democratic Congress wouldn’t extend unemployment benefits for that long.
Later, area leaders hoped telecommunications would save the Lehigh Valley, until Agere and Lucent suffered layoffs during the dot-com bust. Now casino gambling is seen as the Lehigh Valley’s latest savior.
Clearly, Andy Grove understands the difference between making money and creating wealth; unfortunately, many of our elected representatives and business leaders don’t comprehend this distinction. Until we have American manufacturing, with profits re-invested in American factories, we will have difficulty creating American jobs.
Robert Nemchek, Parker
This letter was published online only. For information on how to send a letter to the editor, click here.