Fareed Zakaria, editor of Newsweek and host of Global Public Sphere (GPS) for CNN Worldwide answered questions about prompting job creation in the U.S. in a session of the show broadcast Oct 31. Among the fields Zakaria discussed as having huge potential for growth was Global Positioning Satellite (GPS) technology which he credits as the fuel behind the “next internet revolution.” Zakaria, who is among the best respected financial commentators in journalism today, suggested that America needs more investment in industries that will continue to shape the way society works and people communicate, like GPS systems, in order to reclaim jobs that have gone to other countries.
Zakaria says that the key to getting growth and middle-class jobs back is that we make massive investments, investments in technology, investments in research and development, investments in infrastructure. That is in a sense, investing in the middle class, because that is investing in the industries of the future, the industries that will create middle-class jobs. “Perhaps the most intelligent investment we can make is in human capital, particularly in talented people in science, math and computers,” said Zakaria.