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Forbes: Manufacturing unprofitable to China. Bring

N!NJA (1437175) writes | more than 2 years ago

China 0

N!NJA (1437175) writes "My favourite fact of this past year was the proof that China makes almost nothing out of assembling Apple‘s iPads and iPhones. It’s a favourite because it speaks so directly to one of the great political arguments going on in both the US and the UK. I refer, of course, to this very strange idea that both countries would get (even) richer if only they would do more manufacturing. [...] If you want lots of jobs and lots of high paying jobs then you’re not going to find them in manufacturing. They’re where the money is, in the design, the software and the retailing of the products, not the physical making of them. Manufacturing is just so, you know, 20th century."
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