Intel Plans To Build New $1 Billion Dollar Semiconductor Plant In Vietnam, Which Will Likely End Many U.S. Jobs
There is some news out of Intel that cannot possiby be good news for U.S. workers. Only weeks after the Bush visit to Vietnam, and Congress offering further support to more open trade with Vietnam, Intel is taking full advantage to set up a $1 billion dollar semiconductor plant in Vietnam. Once this plant is built, thousands of American workers will likely lose their jobs.
Intel hires a large work crew in Oregon and other states, and will likely see many good American jobs disappear to Vietnam, where teenage children often live in dormatories at factories like NIKE shoes and work most days of the month producing goods to export to the U.S. With very low wages, teenage labor, and beatings of these children sometimes reported at workplaces, Vietnam presents a very controversial place for many American brand name goods to be produced.
There were likely heavy lobby efforts by American business interests for the Bush White House and Congress to further liberalize trade with Vietnam as big American business interests seek cheaper labor sources and the elimination of more American jobs.