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Apple's American job disaster
Manufacture of its products meant good-paying jobs in the U.S. But a move to China took them away.
The death of Steve Jobs was followed by an avalanche of superlatives - brilliant, genius, and visionary among the more common. He was likened to Leonardo da Vinci, Albert Einstein, and Thomas Edison.
But in the case of Edison, there was one significant difference that went unmentioned. For more than a century, just one of Edison's inventions alone - the incandescent lightbulb - was manufactured at numerous locations in the United States, providing employment for millions of Americans across family generations.
The Apple home computer, not at all. After only one generation, all the Apple manufacturing jobs in America disappeared, as the work of building and assembling the machines was turned over to laborers in sweatshops in China and other countries. Jobs that should have provided employment for Americans for decades to come were terminated.
For Apple, the corporation, the system functioned beautifully. This year the company had more cash in its bank accounts than the U.S. Treasury. And for one day, Monday, Sept. 19, the company was the most valuable corporation on the planet, its stock worth $382 billion. It was a sum that exceeded even the worth of Exxon Mobil Corp., the world's largest international oil and gas company.
Full Story: http://www.philly.com/philly/opi…
Greed is Good!
- it covers the pricey PR haha********
- i mean R & D haha. im serious.********
- Damnmoldero
- it covers the pricey PR haha