Earlier quoted context omitted.
Because there's nowhere in the US like Shenzhen, Guangdong or Hong Kong. Remember how Apple couldn't just pick up and move the production of iPhones to India or Vietnam? You need all the ancillary industries around the production to be there, along with being competitive and commoditized as well. When a supplier has something go wrong a line of manufacturing doesn't go down. You go down the street to the same guy sel…
> Remember how Apple couldn't just pick up and move the production of iPhones to India or Vietnam? You left out the part about dormitories full of modern-day slaves, complete with nets so they don't leap to their deaths. Generally this is frowned upon in the West. India and Vietnam wouldn't tolerate it either, despite being developing countries. Wasn't there a riot at Apple's India factory over work conditions or am…
You do realize the default state of humanity is living in the dirt and fighting off starvation daily right? It takes decades/hundreds of years to develop an advanced economy and fight for the institutions that enable this not to be the case. Undesirable manufacturing jobs lead to desirable manufacturing jobs (as is happening rapidly there!)
Foxconn not being a rung on the ladder in China doesn’t mean locals suddenly get American living standards, it means they never climb the ladder and get stuck with even worse alternatives —- I don’t think you realize the history of China is basically constant mass starvation: