Where is assembling ipads/iphones a high tech job, short of some plant managers and bulky administrative jobs ?
Did you see the pictures from Foxconn factories?
And what if there is not enough work for that factory? Why would Apple want to own a factory with all it's problems?
Your view is somewhat simplified. China (and other nations) are propping up the US. They are the ones buying the bonds.
The US is spending more than it takes in, every time budgets get cut "education" is first and in general they have been borrowing money from around the world in what seems forever.
It's dependency on oil with an unwillingness to invest in alternative energy to an extend that matters, causes ever growing deficits.
The consumer votes with his/her dollars at Walmart etc.
Of the many people that suffer in the streets a large percentage is unemployable or they may live in areas not even close to a plant.
Just how many plants is one supposed to build?
The purpose of a business is to make profits, not to do the morally right thing. Sounds cold, but is true.
For many years the US was isolated and thinking that due to it's size it can do everything their way.
Many US industries have been lost to people with foresight and creativity.
By not looking at the "world" the didn't realize they would have to adapt.
Too late now!
