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IBM CEO: More Work Is Needed To Spur U.S. Job Growth New job growth in the U.S. is dependent on encouraging more business innovation beyond basic research and development, the chairman and chief executive of International Business Machines Corp. said Thursday. IBM CEO Samuel J. Palmisano said his company will spend $200 million next year to train 100,000 existing employees for new high-skilled jobs, and it will add 10,000 new employees to its 316,000 worldwide workforce. But more cooperation is needed among businesses, universities and the government to help spur new technology and uses in the coming years if the U.S. is going to compete with foreign firms for business and jobs, he said during a speech at the Council on Competitiveness annual meeting in Washington.
“I’ve no crystal ball to tell me what industry or industries will create the next boom in job creation,” he said. But encouraging more uses of research and development will yield more job growth, he added.
Palmisano told attendees at the conference that more needs to be done to encourage universities and businesses to create new technologies and develop more applications.
To that end, Palmisano announced he will co-chair an effort to push a new U.S. policy to encourage business innovation. He said a group of business leaders and academics, led by himself and Georgia Institute of Technology President G. Wayne Clough, would focus on academic preparation of future workers, government policies and venture-investing, with the goal of issuing a report in six to nine months. In a year to 15 months, he said the group will begin the process of convincing business executives, lawmakers, universities, labor leaders and researchers to implement the group’s recommendations.
The Council on Competitiveness is a public-policy organization of CEOs, university presidents and labor leaders founded in 1986 by Hewlett-Packard Co. President John Young.
The council released a study Thursday that predicts its 42 member industries will create 13 million new jobs worldwide over the next two years, 25% of which will be in the U.S. In the next 10 years, 95 million jobs will be created worldwide, 15% in the U.S.
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