This from "The Economic Populist", written by Robert Oak. **This Is Just An Excerpt** -- in other words, please follow link to read the rest.
All I can say is: It's about time we brought some of those damned Apple SNOBS down to earth. How long before they get the "shoddy goods" reputation? In any case, read this, follow link, read the rest.
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Apple Not So Cool After All
The New York Times has a lengthy article, How the U.S. Lost Out on iPhone Work and implies, we, Americans, just can't compete and we should just lay down and die when it comes to advanced manufacturing. Good God, what a sad state of affairs.
In early 2011, President Obama asked what would it take to make the iPhone in the United States instead of China and late Steve Jobs replied:
Those jobs aren’t coming back.
On really? Isn't that the classic CEO speak to get off my case and haven't we heard that one before? Instead of cheap labor being the reason corporations move to China, we have growing, much more sinister, motivations.
It isn’t just that workers are cheaper abroad. Rather, Apple’s executives believe the vast scale of overseas factories as well as the flexibility, diligence and industrial skills of foreign workers have so outpaced their American counterparts that “Made in the U.S.A.” is no longer a viable option for most Apple products.
What's happening here is like no man exists in a bubble, manufacturing doesn't either. Manufacturing clusters. U.S. multinationals and companies have offshore outsourced so much of their manufacturing, America has lost it's know how. That's how bad the situation is these days to make things in the United States.
Beyond being outraged with the article's lay down and die manufacturing America mentality, there are some very good points in the article as to what the U.S. is doing wrong.
Private companies are not training workers
In the 1990's and earlier, routinely corporations and companies trained workers. From internships to apprenticeships to full bore PhD study support, corporations invested in employees. No longer.
Corporations See No Reason To Hire and Invest in America
We don’t have an obligation to solve America’s problems.
This is one of the quotes from a former Apple executive in the New York Times piece. While the focus in on Apple, this quote could have come from any U.S. based corporate executive's mouth. They take from America in terms of tax loopholes, investments, finance and profits, but corporations have no loyalty, no tie to the very nation they are incorporated in. ...................
Friday: Retail Sales, Industrial Production
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 8:30 AM ET, *Retail sales* for Oct...
6 hours ago
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