Quote:
Originally Posted by Actor
The U.S. is rapidly becoming a third world country as far as manufacturing is concerned.
|
Quite the opposite. Relatively little of the value in high tech manufactured goods comes from actual assembly. Third world countries are welcome to that.
Manufacturing accounts for less than 9% of the jobs in this country. But our workers are more productive because of training, specialization, and automation. But most don't do jobs like consumer product assembly.
Why should we care that we import a lot of stuff? Consumers are much better off, and a lot of our imports actually have a lot of American content due to the non-manufacturing aspects of the products that we do here.
From Forbes:
Quote:
Actually, a lot of the iPhone is already Made in the U.S.A.
A report written by three U.S. professors showed that only about "$10 or less in direct labor wages goes into an iPhone or iPad is paid to Chinese workers."
The report points out that while the Apple products - including components - are manufactured in China, the primary benefits go to the U.S. economy because Apple continues to keep most of its product design, software development, product management, marketing and other high-wage functions in the U.S., not China.
China's role is more of an assembler.
|
https://www.forbes.com/sites/kenrapo.../#3d6ff3b45dc9
