4 ms·
The article IS about the misallocation of wealth? The concern is there will be a class of highly paid individuals in the US and a class of unemployed (replace
by ctvo 11y ago
The article IS about the misallocation of wealth?
The concern is there will be a class of highly paid individuals in the US and a class of unemployed (replace with underemployed, low income) because we're sending all our manufacturing jobs overseas.
Grove's argument is whatever benefits you're getting for sending jobs overseas, there's a societal cost (increase inequality), as well as unforeseen future costs when innovation and technical excellence is located elsewhere.
No idea about the rest of your views.