By Greg Mills
On the day iPhone is likely to be announced for Verizon, a study I found looking at the profound effect on the US economy of Apple outsourcing assembly of iPhone to China is particularly interesting.
Can you believe Apple CEO Steve Jobs could put Apple on track to hire as many as half a million Americans who are currently out of work, while only marginally decreasing Apple's stellar profits? Jobs could add over US$10 billion a year to the national payroll simply by bringing assembly of Apple products home. Our government should make such a move as easy as possible by making the US employer environment more conducive to such a move.
I did an article recently on Apple's industrial footprint in China. While the subject of that article was the nature of Apple's business dealings with contractor assembly companies and their employees in China, another issue came to light recently in a study done by the Asian Development Bank...| Read more »