US Economic Risks (Sept 2010): Impact on Investors & Entrepreneurs
Both Sides of the Table
AUGUST 30, 2010
Yes, I studied Ricardo’s theory of Comparative Advantage in college that says that lower-skilled jobs should move to countries with lower labor costs, but Andy Grove’s point about loss of skills in manufacturing leading to a decline in innovation in the next technology wave is both real and troubling. We took $2.3
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