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To: arrogantsob

Forget they people who work at their HQ here in the US that create new products. I’m talking about the actual manufacturing of their products. iPhones are manufactured all over the world. It is assembled mostly in China.


71 posted on 06/20/2017 12:20:03 PM PDT by snarkytart
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To: snarkytart

There is an economic truth involved here called the “Export Cycle”. Basically, it is a dynamic theory which makes a distinction between creative work and repetitive work.

Hence, a product is invented in the US and takes off. At some point it will cost less to produce it elsewhere in a World Economy. Economic efficiency demands it and it is repetitive work and of itself not producing anything new. Our Competitive Advantage is and, has always been, in creating the new not trying to preserve a status quo which is inefficient.

We have to face the fact that for some products it is just too costly to limit the input of domestic labor. Of course, this also means we need forward-looking leadership after decades of incompetence.

Creative Destruction is the motive force in a growing economy and it has costs as well as benefits. So economic policy should have as one of its goals the concept of making sure that cost is not put on one group or industry.

We are living in a world where “change is the essence of life” as Heraclitus said.


73 posted on 06/20/2017 12:44:15 PM PDT by arrogantsob (Check out "CHAOS AND MAYHEM" at Amazon.com)
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