Obama to name Intel CEO to White House jobs panel

By Reuters
Friday, February 18, 2011 8:52 EDT
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WASHINGTON (Reuters) – Intel Corp Chief Executive Paul Otellini will be named to a panel of experts advising President Barack Obama on jobs, the White House said on Friday.

Otellini will join the President’s Council on Jobs and Competitiveness, created in January to focus on lifting hiring and promoting growth.

General Electric Co Chief Executive Jeffrey Immelt was named last month to lead the new outside board advising the White House on economic policy. Other members of the Council will be named in the coming weeks, the White House said.

The Immelt-led board replaces an economic recovery advisory panel Obama named in 2009 to help guide his efforts to rescue the economy and rebuild the shattered U.S. financial system.

Obama, on a two-day West Coast visit, will tour Intel’s Hillsboro, Oregon, facility with Otellini on Friday, the White House said.

Obama met with Apple Inc Chief Executive Steve Jobs and other technology industry leaders in Northern California on Thursday as part of a campaign to promote technological innovation as a means of boosting the struggling economy and reducing the 9 percent unemployment rate.

(Editing by Peter Cooney)

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  • http://harry-canary.myopenid.com/ Harry Canary

    How many workers are on this panel?

  • http://pulse.yahoo.com/_QMPOO3PZFN7XV2XZKCGSXXR3WM Joe Somebody

    none.. why have workers? All they will tell you is that if you force companies to hold 40 hour work weeks that the companies would need to hire 20% more staff to do the same work (overworked employees in most jobs at present). Workers from factories would tell you that robots are taking over all their jobs, turning out more product faster and of better quality; remove all the robots and you’d have to hire a lot of people to do the same labor. Oh, and they might mention how 1/2 of their old staff are now Contractors in India thanks to tax incentives and creative accounting.. blocking the process of outsourcing would require millions of people be hired in the U.S. to do those jobs (for the American company, who uses foreign labor to avoid paying American taxes).

    But seriously, manual labor is becoming obsolete and no one wants to talk about that. Automation is rapidly gaining share of the labor market, and no one wants to talk about what that ultimately means. .. After watching Watson on Jeopardy! earlier this week, people better start to realize that in 15 to 20 years we’re going to have near 90% global unemployment rates. Computers running robots don’t require too many people to be involved in the production chain. Big enough computers behind enough robots will soon be creating the robots for other production systems in such a scale that 1 human to monitor the system will be all you need to replace (effectively) 10,000 human workers a month in other production industries.

    When humans can no longer labor to get money to buy things (the current monetary system), how will they eat or acquire products made by machines?