For those of you following this thread, I highly recommend this analysis of U.S. manufacturing productivity statistics. It is an article of faith among most economists that manufacturing efficiencies over the last two decades have contributed to steadily growing U.S. manufacturing output. But now some experts are challenging that view, saying computer and electronics manufacturing inflated that overall numbers and that U.S. manufacturing statistics fail to take globalization, e.g., the offshoring of manufacturing, into account.
The link below will take you to this excellent analysis:
Surprised, no. Pleased, yes. As a partial owner of the company I am glad they are not wasting the money.
Also, I really don't think Apple products are the type of manufacturing we should be going after. Screwing and snapping an iPhone together is not high value add sort of work. It is unskilled labor. We have plenty of unskilled jobs that attract immigrant workers precisely because they are not jobs Americans want.
The focus here needs to be on education and having a highly skilled workforce. That will attract high value jobs.
Flush With Cash, Apple Plans Buyback and Dividend
Buying back stock, paying a dividend, but nothing about investing in U.S. manufacturing.
Is anyone surprised?
That chart has more to do with investors flocking away from the Euro into Yen and then Japanese govt intervention to stop the Yen from climbing.
Forex markets don't always make sense in pure GDP/debt comparisons.
..and Chinese govt gives $2M to any Chinese ex-pat who steals western technology and wants to start a business there. This is true -- ask your Chinese colleagues.
This not meant to offend our Chinese friends but to merely point out the extent to which the Chinese govt is involved in rigging "free trade"
US professors hire foreign students as RA & TAs for the same reason US corporations hire H1b's -- so they can control them like indentured servants.
We need to force US grad schools to give preference to US students over foreigners.
There's no reason why our kids have to compete for research grants, paid for by US taxpayers, with foreign students.