Lol @ "not once" - your priviledge and ignorance are shining like a pre-2016 MacBook Apple logo.
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iPhone Sales Could Face Major Setback in China if Trump Enacts Trade War
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Lol @ "not once" - your priviledge and ignorance are shining like a pre-2016 MacBook Apple logo.
You'd still have plenty of jobs created along with the wide variety of jobs that support manufacturing industry.
Then maybe it really would be a premium product.
It is not Apple's problem that people are spending above their means. People can barely afford their electric bill and have no savings yet manage to buy a new iPhone every year.
You'd have some but nowhere near enough to make a difference. The figures I used before were using the US minimum wage but they'd have to pay more than that for skilled labour. Add in higher energy, distribution, insurance, building, environmental compliance costs etc. they'd be lucky to create 100,000 extra jobs manufacturing side I think. And they'd be extremely short term jobs too, the move is towards 100% automation in the medium term, then all those people would be back to square one.
The Mac Pro is an exceptional product, it retails for $3000 minimum, so it's easier to absorb higher production costs and it hardly creates any extra jobs doing it.
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So basically, tough on everyone who isn't rich. If people can't afford Apples products, how is that not Apples problem. Who does it benefit to force Apple into producing products no one can afford. And more to the point how does that help close the gap between the haves and the have nots, which is one of the defining features of this election. Plus the ecosystem absolutely requires a minimum number of users in order to make it viable.
No. Not at all.
You should look at studies on millennials. They don't want to work routine jobs at all. They want to work jobs where they get to create intellectual property.
Factory work don't create intellectual property.
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How much do you think your clothing prices would rise? Because the correct answer is around 3-4x price increase when clothing is manufactured in the US.
What about your food prices? Because we actually send fish to China for processing.
NEVER artificially rise prices. You will harm the economy when that happens.
Is this the same millennials that were told all their lives they had to go to college, get a degree, any degree and they will be able to make a lot of money? Those same millennials that have staggering student loan debt and if they are lucky a job as a barista?
And automated factories creates very few jobs in the US. The multi-billion dollar Global Foundries factory in upstate New York only has a few hundred jobs, not the tens of thousands you'd expect from such an expensive project. A multi-billion dollar data center might only have a few dozen jobs.
Sorry, but economists already played out this argument, and they all support globalization. ALL of them.
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Yes. Those same millennials. They don't even apply to factory jobs.
There are plenty of Americans that would love a job. Especially blue collar workers and people that attended technical schools.
You're missing their point. Accord to him/her and their vast research, jobless millennials don't want that kind of work.
The problem is they took it literally and graduated with liberal arts degrees that are as worthless as the paper the degree is issued on. Imagine ... 4 years of religious studies and graduating believing the world is their oyster.
Yeah no. It's not like Trump has openly suggested he'd go back on marriage equality, or his VP supports conversion camps is it? But please tell me how poor Christians are discriminated against.
You act like it is a God given right to own an iPhone. Apple is a private company and can do what they please. The only people they really owe anything to are their investors.
This is not about haves and have nots. By your logic, we should be outraged that everyone cannot afford a Ferrari and we should be imposing tariffs on the Italian company until they make it affordable for the common man (never). These are luxury toys. You do not need an iPhone to survive.
No I don't, I'm simply saying that by moving manufacturing to the US the cost would increase significantly. Many people that could afford iPhones now, would no longer be able to afford them. Possibly so many that it would make the Apple ecosystem as a whole unsustainable and that such a situation is to no ones benefit. Ferraris have nothing to do with it, God certainly doesn't have anything to do with it. And life, is about more than just survival, or at least it should be. Furthermore this election was absolutely about the haves and have nots, about the vast number of people that have been left behind by globalisation, I may not agree with the result but it was that faction of voters that swung the election in his - Trumps - favour.
You say Apple is a private company and can do what they please but imposing import tariffs in an effort to force production to move back to the US is the exact opposite of free. You may as well say you're free to choose any colour as long as it's black. It is the lack of import tariffs and globalisation as a whole that is behind the vast increase in wealth of Western countries and behind the success of companies like Apple and behind much of humanities recent scientific progress. Without it the whole world will be worse off. That too many people got left behind is absolutely an issue and we are all responsible to an extent. But don't believe for a minute that things are going to get magically better by the US becoming isolationist, they won't. Never in history has a country pursuing an isolationist agenda become better for it, history shows us such a route is folly, as to most experts and scientists.
You say Apple is a private company and can do what they please but imposing import tariffs in an effort to force production to move back to the US is the exact opposite of free. You may as well say you're free to choose any colour as long as it's black. It is the lack of import tariffs and globalisation as a whole that is behind the vast increase in wealth of Western countries and behind the success of companies like Apple and behind much of humanities recent scientific progress. Without it the whole world will be worse off. That too many people got left behind is absolutely an issue and we are all responsible to an extent. But don't believe for a minute that things are going to get magically better by the US becoming isolationist, they won't. Never in history has a country pursuing an isolationist agenda become better for it, history shows us such a route is folly, as to most experts and scientists.
I pitty the left that looks down on hard working Americans. But I guess with their recent campaign message I shouldn't. Divide and Cater. When you get into an argument the other side is racist, sexist, islamophobic, and deplorable. When you lose- just throw a riot because you missed out on your good partipation award.
Ummm you'd be shocked to learn wages haven't gone up since the 1980s.
7% growth in China would cause inflation if they weren't manipulating their currency. Inflation is not necessarily the result of printing too much money. Economic growth that happens above 3 or 4 percent causes inflation as well. More money chasing the same amount of goods means the price is going up on goods until equilibrium is hit. Everything isn't about printing new money. It could be that too much old money is in the market. The fed will raise rates to cool things off.
Printing money isn't all bad. Sometimes it's necessary particularly when the economy falls into a recession. You want to keep the flow of money going in a down economy and force the banks and the investor class to continue to persue business opportunities as the newly printed money becomes a tax on the richest Americans during the down times if they don't invest their money.
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Mexico is gross(I don't believe that), hence why all the Hollywood types said Canada.
Why not? It's one of his top campaign promises…. trade protectionism for the USA.
Granted, many Reagan-Bush Republicans actually support free trade. Even George Dubya was totally OK with Bill Clinton's NAFTA embrace, the NAFTA activity actually increased even more during Dubya's term in office. But given the fact that Trump is now appointing "alt-right" Breitbart conservatives to lead his cabinet, the old Reagan-Bush era corporate ideology gets thrown to the gutter.
I think that at the very least POTUS Trump will do his best to throw the free trade thing upside down. How Congress reacts is a different matter.
Well I have to disagree with you here. One of Trumps closest advisors is Carl Icahn -if and when that money is repatriated the only place it will show up is in the bank accounts of Apple shareholders (he owns a paltry 40 odd million shares) since he will demand dividends and buybacks, so Carl stands to accumulate a substantial piece of that Apple pie.
http://www.cbc.ca/news/business/apple-rejects-carl-icahn-s-dividend-and-share-buyback-plan-1.2478911
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Productivity and wages decoupled even earlier...in the 1970s.
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