SPONSORED BY:

Silicon Valley’s Fork in the Road

Label

Newsweek Top Stories
Visions of a Decade
Visions of a Decade

From 2000-2009, one photo per month.

The Failure of Copenhagen
The Failure of Copenhagen

Why there could be a silver lining in a failed climate treaty.

Sex Scandals of the 2000s
Sex Scandals of the 2000s

From John Edwards to Mark Sanford, the decade's memorable affairs.

118 Days in Hell
118 Days in Hell

A NEWSWEEK journalist recounts his captivity in Iran.

Discuss

Sponsored by

Member Comments

  • Posted By: louis2009 @ 06/08/2009 4:55:53 PM

    I am a San Jose resident all my life and graduated in 2001; and for six years, no engineering experience meant no engineering job, and no engineering job meant no engineering experience. I struggled and finally became a real engineer in 2007. That's the main problem with the Silicon Valley, where it's so high cost that all the lower techs disappear. Without this lower tech, new grads can't get started here. You can train 1 billion more engineers, but they will not get started in Silicon Valley. They have no choice but to go elsewhere. High cost has also lead businesses to rely increasingly on government spending. Much of what the silicon valley makes are sold to the government directly or via health care subsidies. Main stream tech has long left silicon valley. Good example is that the current Intel CPU Core2 design did not come from Silicon Valley, but from Israel - even though Silicon valley nominally hosts Intel world head quarters. Detroit didn't want to make the wrong kind of cars - but their costs were too high and cannot afford to make the "right" kind of cars.

  • Posted By: bobb @ 04/01/2009 6:10:15 PM

    We send back engineers working here when their visas expire, but Obama's aunt ( who was supposed to leave 3 yrs ago) was just told that her case will be continued The next hearing is set for February 4, 2010.. Background:
    a federal immigration judge rejected her asylum request in 2004, ordering her to leave the country. She remained in Boston - and got subsidised houising ! Maybe the visa holders should just ignore the fact that they MUST leave - for the good of the US.

  • Posted By: rally2xs @ 02/23/2009 5:08:26 PM

    We're blaming everyone except those actually responsible. Us.

    We hate ourselves. Labor hates the companies that allocate the lion's share of profits to the very few top executives. Executives hate the workers and their labor unions that attempt to save their members from ever-declining prosperity. The hate allows us to tax our (evil, greedy, working class) citizen's income and the hate allows the (evil, greedy, working class) citizens to delight in tolerating, and even promoting the 2nd highest corporate tax rate on the planet to punish the (evil, greedy) corporations.

    Staggering taxes for everyone, and one of the highest costs of living as well, courtesy of the haters.

    Special interest groups add to the hate. The environmentalists hate pretty much everybody, and delight in thinking up the next super-expensive thing to make (evil, greedy, American) industry do to punish them. The safety nazis use their pet issues to most pointedly attack the auto industry with wildly overdone regulations that impact American cars and trucks, whose long suit is being the 800 lb gorilla of large vehicles, disproportionately. Large vehicles emit more, and cost more, and consume more, so are both easy to hate and make it far more difficult to achieve the CAFÉ.

    I skimmed most of the comments so far, and only 1 writer seems to detect that the country is in a "secular decline." That's right, this country is not _going_ to recover from this recession, not fully. And it will decline farther, and not fully recover from the next one either, nor the next one. Like an immune system gone wild, National psoriasis consumes the National flesh.

    Denny Hastert had the way to turn it around about 5 years ago. He wanted to completely eliminate the income tax on individuals and corporations. That would do several great things. American companies manufacturing here would be able to lower their prices. American workers would see their pay increase by the amount of their withholding, $12K/yr for me.

    Denny wanted to run the whole country on a sales tax. That would tax the American goods back up to about what they were. What do I care? I've got another $12K to pay that with. Just don't tax the necessities of life - food, health care, non-luxury-level clothes, non-luxury-level real estate.

    Foreign goods would not see a decline in their initial price, so when applying 17% / 23% / whatever, they become relatively more expensive, negating the cheap foreign labor advantage.

    That's probably the only way out of our eventual defeat in the international marketplace. Otherwise, technology will likely eventually allow medicine, legal practice, and business to be done remotely, from India, Pakistan, Russia, anywhere but here. Then our country will resemble Zimbabwe, with missionaries and foreign aid pouring in to alleviate our plight. And with any luck, I'll be dead by then.

Reply

Report Abuse

Enter comments if any for reporting abuse