You know, these companies continue to claim that the only reason they're going overseas is because there's not enough skilled workers in the US to fill the positions they need. Now it's obviously bullshit, but there's no better proof than building a $300 million dollar plant in Vietnam to employ 1,200 people. You know, the Vietnam that is so highly regarded for it's universities, educational system and highly skilled workers.
Nowhere in the story does it mention that they're doing it because they can employ people at slave wages. Intel continues it's hatred of the American work force.
We consider this to be one small step in a long journey of involvement with Vietnam," said Intel Chairman Craig Barrett at a formal ceremony where Vietnam's Ministry of Investment and Planning handed over the investment license.
Construction on the plant, which will employ 1,200 people, will begin immediately, he said, adding that production is slated to start in the second half of 2007. Barrett said he considers the facility to be only the first phase of Intel's investment in Vietnam.
Intel's investment license was approved for $605 million, and Barrett said he fully expects that if things go well, Intel will expand operations to a second phase.
"If we continue as we anticipate, we have the option to go up to $605 million," he said.
The plant in Ho Chi Minh City will be the first semiconductor facility in Vietnam and the sixth testing facility in Asia for Intel. The Santa Clara, Calif.-based company has two plants in Malaysia, two in China and one in the Philippines.
Intel looked at many option to locate a new facility and Vietnam was chosen for several reasons, including its infrastructure, its young work force, and a growing education system, Barrett said.
Wow, with all the savings you'd think that chips would only cost consumers about the same as a head of lettuce by now. Of course American consumers haven't caught a break and all they've gotten is the shaft in the form of continued loss of jobs overseas.
Chosen for their young work force, in other words people starving and willing to work for pennies an hour. It's always nice to continue investing in these communist countries at the expense of democratic countries jobs.
And so the spin goes....Whaddya wanna bet this "reasoning" will be the catalyst for more spending in education.
On the one hand, we are collectively too stoopid to work in assembly lines, but we are expected to read increasingly complex (and convoluted!) tax-code to prepare our 1040 Federal tax forms so that we can continue to overpay the government our citizen's dues.
And I use the words "citizen's dues" because if you are here illegally, you don't have to pay.
Dummied down for all of us Americans, I said:
We be too dum to work at them lines an' so we can be at Walmart part time. But hey now, if'n we dun't work we ain't gotta pay no taxes to de gub'ment. Dat ain't so bad now.
Posted by: Lynn on April 5, 2007 10:22 AM