Intel CEO admits: jobs aren't coming back to US

Great article from the Register:

They're calling it the 'jobless recovery' - but it's a misleading phrase. New jobs are being created in the tech sector, only CEOs are making sure they're in China and India, not at home in the United States.

Craig Barrett admits to the New York Times today that while Intel has maintained a steady head count in the US, it has hired a thousand new software engineers in India and China.

[snip]

The trend is nothing new: but for the first time it's affecting the technocrat middle class, who in the United States (and increasingly the UK, too) must bear the costs of further education. The benefits, and inevitability of globalization were preached while first manufacturing then service jobs went off shore.

I can't wait to get out of the computer industry.