i-Device Manufacturing Unprofitable To China 320
N!NJA writes "One of my favorite facts of this past year was the proof that China makes almost nothing out of assembling Apple's iPads and iPhones. From the article: 'If you want lots of jobs and lots of high paying jobs then you’re not going to find them in manufacturing. They’re where the money is, in the design, the software and the retailing of the products, not the physical making of them. Manufacturing is just so, you know, 20th century.'"
Re:IOW (Score:3, Informative)
Re:Apple basically is the tablet market. (Score:4, Informative)
There is no substitute for ForeFlight on an iPad. I'm not carrying a laptop in the cockpit to view charts, and it saves me hundreds of dollars a year compared to paper charts. You go fly a plane with a smart phone and a netbook in your lap and tell me that it's better.
Re:Doesn't work anymore (Score:5, Informative)
That video by Albert Bartlett is misleading because it ignores how more people leads to more innovation -- like developing solar panels or fusion energy to replace fossil fuels, or developing space habitats to make more land for humans.
But I agree with you about the economic issues as far as our current financial system. Both the housing bubble and the college bubble helped push back a problem related to rising productivity but flat real wages related to wealth concentration.
http://www.capitalismhitsthefan.com/ [capitalismhitsthefan.com]
http://www.globalresearch.ca/index.php?context=va&aid=5494 [globalresearch.ca]
As I outline on my site ( http://www.pdfernhout.net/ [pdfernhout.net] ), mainstream economics assumes infinite demand (or at least, that demand will grow as fast or faster than productivity). But that assumption is becoming invalid, and so all of mainstream economics is suffering through a divide-by-zero error which most economists won't admit.
See also:
http://www.responsiblefinance.ch/appeal/ [responsiblefinance.ch]
A fairly straight-forward solution is a "basic income", but there are other approaches and we will likely see a mix of them.