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