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Robert Reich and Jeremy Siegel were on a radio talk show and each had a different take on how long the recovery will take. Reich felt that the economy will take a long time to recover but Siegel was more optimistic with the hope that the Internet has drawn in about a billion people through the Internet to a global innovation engine that was fast,furious and cheap.
Both views have merit but since this blog takes a “getting it done ” or implementation view I am not entirely clear as to how individuals in America will be able to tap into the global innovation engine unless they are part of a US organization that has global innovation teams working. Who would such organizations hire? It is unlikely that these global innovating organizations would hire those who were fired in the last round to co-ordinate global innovation projects. In fact the core question is “How will US organizations capture value of global innovation teams ? and what is the incentive to hire in the US than overseas?” When organizations capture value they have the option of hiring locally provided the local employee brings huge value to the enterprise for employee cost that is relatively high compared to global costs.
In other words, unemployed individuals will be able to tap into the global innovation engine. Or as Reich suggested would these opportunities have to wait for the next generation of US workers who are still in school?
For now the workforce would have to be trained to capture global innovation.