Today’s New York Times includes a fascinating detailed look at how Apple gets its iPhones (and other products) manufactured and what the implications of that have been for U.S. jobs (not good, of course). No doubt all of the factors that the Times reports as contributing to the fact that virtually all assembly and manufacturing is done outside of the U.S. are real and contribute to the offshoring. But the key point is really in the 47th paragraph, where we learn that the typical assembly worker in China makes about $1.50 per hour. What American would work for those wages?
Lamenting Lost Manufacturing Jobs
January 22, 2012
April 6, 2018Trump’s Bad Mood: The Spending Bill?
March 27, 2018Is China’s Version of Capitalism Winning?
February 9, 2018The G.O.P. Is Flirting With Fiscal Disaster
May 11, 2018MSNBC’s Morning Joe: Still Waiting For Evidence of a Booming Economy
April 24, 2018MSNBC’s Morning Joe: Congress’s Self-Inflicted Deficits Warrant Concern
April 17, 2018MSNBC’s Morning Joe: Tide Running Against a G.O.P. Win in the House