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Old 01-22-2012, 11:16 PM
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Join Date: May 2007
Posts: 2,886
Default Re: NYT: How the U.S. Lost Out on iPhone Work

Quote:
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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