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Old 01-23-2012, 12:16 AM
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Join Date: May 2007
Posts: 2,886
Default Re: NYT: How the U.S. Lost Out on iPhone Work

Originally Posted by sugarkang View Post
Long form article at NY Times about Apple, outsourcing and the American middle class. Yves Smith cuts to the core.

Lessons learned:

The shit jobs aren't coming back, so the problem is getting Americans to accept this fact.
Americans are uncompetitive for a number of reasons; larger relative salaries are only a single consideration.
Okay, so on high-tech products the Chinese have the edge. My question is about the introductory price of the iPad (around $500?) compared to the laborers working 12 hours on tea and biscuits. What was the profit margin for Apple?
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