People grossly underestimate how much stuff we export as well.
We export $147.87 billion a month. And we import $188.3 billion according to the US commerce dept. Yes, there is a trade defecit, but it is by no means an insurmountable one, and it's not as if people overseas aren't buying our goods and importing from us as well.
US Movies, Timber, US products, clothes, electronics, ipads there is a crapton of stuff that we export. And yes, each iPad we sell overseas is a massive export for us, even though it is made overseas. This is because apples pays maybe $100 for the parts and labor to manufacture the iPad overseas, and turns around and sells it for $500. That is a $400 net export for us.
The best solution the trade deficit isn't to cut back on our imports and take away jobs from the chinese. The better solution is to start paying better wages overseas so that we can create a middle class there and export more to the people living there.
And as we export more overseas, that in turn creates more profits and more jobs here. It is a win win situation. Everyone benefits when the global economy grows.
Arguably, the US has more to gain than any other country if the middle class in India and China grows. US products are highly valued and sought after there. So if there is more of a middle class in India and China that can afford US products, they will buy more US products rather than buying cheap knock offs that fall apart.
There is a huge number of potential customers overseas, and all we have to do tap into them is to start paying more reasonable wages, as Apple just took a strong step towards.
Everyone arguing that we shouldn't employ anyone outside the US is being ridiculous.
We benefit if the rest of the world thrives. If chinese people make a living wage, and start being able to watch US movies, buy apple products, buy US brand name t-shirts etc, that money ends up back here helping our economy and creating jobs here.
The more consumers there are throughout the world, the better off everyone is. Saying that we should only employee people in the US means that the consumer market will not grow at a high rate either, and that in turn hurts us domestically and costs US jobs domestically as well.
What we should argue, is that people overseas deserve to make a living wage too, especially when they are being contracted out by US companies.
That said, I suspect the improved public image from doing this might earn them some increased sales.
You know what, I think you're right.
I was actually going to buy the Evo 4G or some other phone in November once I'm out of contract because I was unhappy with a some of the decisions that Apple had been making.
But this is honestly the best thing I can think of any manufacturer doing in recent memory. 1%-1.5% is a huge amount of cash to spend.
It will make a stark improvement in the quality of life for the people working there.
I respect Apple a ton more after this and I'm going to stick with my 3GS until the 2011 iPhone is unveiled, and assuming it offers the 4.3-4.5 inch screen I desire, I'll be getting that, and probably a 2011 iPad to tide me over until then assuming it does away with most of the limitations of the 2010 iPad.