In the news this week: Intel, the giant, leading-edge American computer chip maker, will invest a billion dollars in India. Also, Ford Motor Company, on the heels of GM's 30,000 job cuts, may close four North American plants.
Brace yourself for more of the same, says Edward Gordon. Jobs and dollars are chasing not just low wages but, more importantly, chasing skilled labor.
America is not producing enough well-educated, technically-educated young people to power its own economy just five years from now. China and India are going to need their own, and the whole American powerhouse, comes the warning, risks tumbling down.
Hear about the 2010 Meltdown, and warning signs for the US economy.
Edward Gordon, founder of Imperial Consulting, an education and business consulting firm. He is author of "Literacy in America: Historic Journey and Contemporary Solutions" and "Skill Wars: Winning the Battle for Productivity and Profit."
This program aired on December 7, 2005.