Industries as a whole have been hurting ever since the beginning of the economic crisis of 2008, which ultimately put the country in a recession. While there has been progress in some areas more than others, there is still a lot of work to be done to ensure that as many people receive jobs as possible and companies start spending again. One of the sectors that has experienced significant growth since bottoming out last year is the technology field. Some analysts attribute technology to be one of the biggest job creators in the coming years, but the question of how to fund these jobs is now being debated.
Andy Grove, the former Intel chief executive officer (CEO), recently drew a lot of criticism for his suggestions on how to boost employment in the technology industry, according to eWeek. Grove pointed out that technology giants such as Apple and Dell have transferred a number of workers to areas such as China and Taiwan in order to partake in the free market system. However, Grove argues that this has taken away jobs from Americans, who still continue to use the products.
"Our fundamental economic [belief], which we have elevated from a conviction based on observation to an unquestioned truism, is that the free market is the best of all economic systems - the freer the better," Grove wrote in a column, according to the news source.
Grove believes that the manufacturing sector should be fixed first in order to provide technology jobs.
However, the technology sector appears to be growing at a fast rate on its own in terms of employment. According to the Bureau of Labor Statistics, employment in the technology industry is predicted to expand by 17 percent by 2018.