“Capitalism offers multiple sizes for you to choose from so you can find exactly what fits you best.”
Right. Like buying slave labor in a communist dictatorship to increase immediate profits while cutting jobs for Americans.
If it’s more profitable for shareholders now, it must be the “best” thing to do...
Sigh. These are not slave laborers. They queue up by the thousands for each open job on the Apple Assembly lines because they pay better and have better working conditions than similar jobs even in the same assembly factory. They are paid a living wage in China which is upwardly mobile. It is enough they can send money they earn home to their extended families. They are not forced to work there.
Is the cost of assembly less in China than in the US? Yes. But the regulatory environment is far more the reason many of our jobs went off shore than labor costs. The ability to be nimble in response to a rapidly changing market is far more of a reason for a company to leave than labor costs. I talked to a California Consumer Electronic manufacturer several years ago who had invented a particular gadget. It took him over 13 months to get regulatory permissions to manufacture the second version of his product due to all the red tape, yet knock offs of his older versions were coming in from China were badly hurting his business. He really wanted to keep his employees in California at work, but he found that he could get his new product with the improvements made and on the market in just five weeks if he had it made in China. Guess what he had to do. . . And it was the US and California government regulators that kept demanding just one more hoop to jump through before he could tool up to make it here. . . and even then, many of the parts would have had to be imported from China.