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…
> You metaphorically need to invent the universe to make it work in the US. You didnt answer the obvious question of the why things are the way they are now? US used to have their entire electronic supply chain, save from raw materials, in USA in the 70s... So why cant US build its own Shenzhen or Hong Kong? taxes? corporate taxes are relatively low in some US states, infrastructure? US has all the infrastructure nee…
Look at the existing issues with the Rust Belt as an example. The higher cost of labor could be offset by higher worker productivity. The issues are in regulatory compliance, demands from politicians and unions. As soon as a major project is announced, the demands start flowing in. Look at what happened with Amazon's attempted fulfillment center in NYC. Look at the amazing strategic location and port infrastructure of a city like Baltimore, and ask why it cannot attract more development. There are major political obstacles which need to be tackled in every case. Even California's failed highspeed rail project should tell us something.