MIT Technology Review:
As Steve Jobs once told President Obama when he asked why Apple didn’t make phones in its home country, the company didn’t hire manufacturers in China only because labor is cheaper there. China also offered a skilled workforce and flexible factories and parts suppliers that can, Apple believes, retool more quickly than their American counterparts.
But set that aside for now, and imagine that Apple persuaded one of its Chinese manufacturers to open factories in the United States or did that itself. Could it work? Apple could profitably produce iPhones in America, as some high-end Mac computers are produced, without making them much more expensive. There’s a catch, though, that undermines Trump’s and Sanders’s arguments. This becomes clear if you carry our thought experiment to its most extreme conclusion.
This is a really interesting article that makes the point that, in a global economy, it’s almost impossible to make global products in just one country.
Good article. Now we need John Oliver to explain it to all the candidates.
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Great read. Reminds me of the writing, “I, Pencil” ….someone turned that into a video, http://youtu.be/IYO3tOqDISE