All those U.S. dollars flowing to China to pay for the iPhones and iPads and Acer laptops, etc., etc. ,etc... what will they do with all those American dollars? Nobody really seems to know. Whenever I see an article on the subject, I read it, but I still can't figure out what people think is likely to happen eventually. Keep in mind, that China is now increasingly competitive with the U.S. in one other area: guzzling oil.
“We shouldn’t be criticized for using Chinese workers,” a current Apple executive said. “The U.S. has stopped producing people with the skills we need.” Ny Times, 2012-01-21
I couldn't get over that quote: The U.S. has stopped producing people with the skills we need. Oh woeful day-- America doesn't even educate it's own people properly and they can't keep up with those backward Chinese.
Apple computer, selling itself to us as the totemic object of enlightened consumerist fantasy... but we aren't the kind of people who can produce these objects. The Chinese are out there feeding us, suckling America, clasping the American consumer to it's massive breast.... and guzzling American dollars and jobs in the process.
Is your iPhone made by slave labour? And if it was, would it actually be possible for you to own a other electronic communications device-- say, an Android phone-- that was not manufactured under somewhat odious conditions somewhere in China?
It has been estimated that an iPhone would cost about $65 more if it were assembled in the U.S. Would American consumers be willing to pay about 10% more for a product if it produced thousands of good-paying jobs in America instead of China? I think they probably would, right now. But nobody is campaigning on that strategy. And probably rightfully so-- a trade war would not be helpful to anyone.
Foxconn is a very, very large company. It is actually owned by the Hon Hai Precision Industry Company based in Taiwan. I'll bet you've never heard of it. It is the world's largest producer of electronic devices.
