Added: Tyre Prim - Date: 30.06.2021 19:48 - Views: 11302 - Clicks: 7541
Jump to. Thank you so much. Thank you, everybody. Thank you. Everybody, please have a seat. I am thrilled to be here. I look forward to our continuing conversations when we meet next week. I also want to acknowledge a wonderful governor, Governor Kitzhaber, who is here. And the mayor of Hillsboro, Jerry Willey, thank you for the great work that you do. And I want to thank everybody here at Intel for hosting us here today. We just had an amazing tour. I had a chance to see everything from an electron microscope to the inside of your microprocessor facility, the clean room.
It gave them a chance to talk about things like quantum ternary algorithms -- laughter -- and it gave me a chance to nod my head and pretend that I understood what they were talking about. Laughter and applause. So that was the high school guys. Then we went over to -- laughter -- seriously. Then we went over to meet some seventh graders, six girls, and it was wonderful -- all girls -- who had started a science program after school that involved Legos.
I used to build some pretty mean Lego towers when I was a. I thought I could participate -- only these students used their Legos to build models -- to build robots that were programmable to model brains that could repair broken bones. The towers. They deserve applause. A few weeks ago, I went to the Chamber of Commerce and I talked about the responsibility that American businesses have to create jobs and invest in this country. And there are few major companies that take this responsibility as seriously as Intel. And yet, by and large, Intel has placed its bets on America.
As Paul just mentioned, three-fourths of your manufacturing still happens right here in the United States. One obligation is to your shareholders. And so the question we have to ask ourselves now is, how do we maintain this climate that Andy Grove was talking about? How do we make sure that more companies like Intel invest here, manufacture here, hire here? That's a freeze that will bring our annual domestic spending to its lowest share of the economy since Eisenhower was President.
Basically, if we want to win the future, America has to out-build, and out-innovate, and out-educate and out-hustle the rest of the world. So today I want to focus on one component of that, and that is education. That's what I want to talk about today.
Over the next 10 years, nearly half of all new jobs will require education that goes beyond a high school degree. Times have changed. It used to be if you were willing to work hard, you could go to a factory and you might be able to get a job that lasts 20 years, provide good benefits, provide decent salary. Real people r few and far Hillsboro days those jobs are far and few between. Many of the jobs that are going to exist in the future, that exist now -- like the ones here at Intel -- require proficiency in math and science.
The quality of our math and science education lags behind many other nations.
As we just heard Paul say, companies like Intel struggle to hire American workers who have the skills that fit their needs. It is what will determine whether the American Dream survives. What we should be doing is rewarding and replicating the success of schools that have figured out a way to raise their standards and improve student performance.
We called it Race to the Top. Race to the Top has turned out to be the most meaningful reform of our public schools in a generation. For less than 1 percent of what we spend on education each year, it has led over 40 states -- 40 -- to raise their standards for teaching and for learning. And these standards weren't developed in Washington -- they were developed by Republican and Democratic governors throughout the country.
We want to make teaching an honored profession in our society. We want to reward good teachers. We want to stop making excuses for bad teachers. And over the next 10 years, with so many baby boomers retiring from our classrooms, we want to preparenew teachers in the fields of science, technology, engineering, and math -- fields that will give the students the skills they need for the jobs that exist in places like Intel.
To ensure that higher education is within the reach of every American, we extended -- we put an end to unwarranted taxpayer subsidies that used to go to banks, and we put the savings towards making college more affordable for millions of students.
Not everybody needs to go to a four-year college. For years, Intel has recognized the value of these kinds of partnerships between schools and businesses. This company understands that your success depends on a pipeline of skilled workers who are ready to fill high-tech jobs. That's worth applause.
Your employees volunteer -- some of you probably here have volunteered -- as tutors in nearby schools and universities. Your science fairs, your talent searches are some of the largest and most prestigious in the world, producing multiple Nobel Prize winners -- and I expect some of the students I met will qualify soon.
A lot of your employees were engineering undergraduates at Oregon State or Portland State, right? How many Beavers here, by the way? You know my brother-in-law is coach there. Just wanted to -- just wanted to point that out.
In fact, before I came here, I read a story about a young University of Oregon graduate. His name is Nabil Mistkawi, and he ed Intel as an engineer in After working with so many other employees who had doctorate degrees, Nabil decided to go back to school and get his PhD in chemistry at Portland State University. And thanks to Intel, he was able to pay for his degree and keep his full-time job. During that time, Intel was trying to find a faster, more efficient way to process their microchips, but nobody could figure it out. And they asked at least eight other companies and research labs for help.
Others worked on it for nearly a year with no success. And so they asked Nabil if he wanted to give it a shot. Within three days -- three days -- he came up with a solution that is now saving this company millions of dollars a year. And I will not embarrass myself by trying to explain what his answer was -- laughter -- and most of you probably know how it works anyway.
The point is, an investment in education paid off in a big way -- for Nabil, for Intel, for the millions of workers and consumers who benefited from that discovery. Stories like these give me confidence that America will win the future. We know what works. We know how to succeed. We know how to do big things.
And all across this nation -- in places just like one -- we have students and teachers, local leaders and companies, who are working together to make it happen. When it comes to competing with other nations for the jobs and industries of the future, we are all on the same team -- the American team. And if we start rowing in the same direction, I promise you, there is nothing that we cannot achieve. Thank you, guys. God bless you. END P. The White House. For Immediate Release.
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