Quote:
Originally Posted by GGG
I don't disagree, I'm just saying what the economics show that despite all these things you listed above trade is a net positive. I'd also argue that iPhones are cheaper in hours. The non union zero job security world has increased worker productivity. Most of the $100 is in wages and benefits but the oversees countries are also better at manufacturing now.
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The iPhone is cheaper in labor hours because Foxconn and China have made an agreement to treat their workers like slaves who work, sleep and basically just LIVE to make the iPhone. The factory is setup in such a way that a worker at the iPhone plant has no other life than doing just that.
Obviously that won't happen in North America. And apparently we are okay with that because we love giving Apple billions upon billions in profit every year to keep the labor cost of the iPhone down.