The MGS Blog

Monday, January 23, 2012

How the US lost out on iPhone jobs

(via Peerside) Apple makes it clear that it isn't just labor costs that makes the US uncompetitive

"Apple has become one of the best-known, most admired and most imitated companies on earth, in part through an unrelenting mastery of global operations. Last year, it earned over $400,000 in profit per employee, more than Goldman Sachs, Exxon Mobil or Google.

However, what has vexed Mr. Obama as well as economists and policy makers is that Apple — and many of its high-technology peers — are not nearly as avid in creating American jobs as other famous companies were in their heydays.

Apple employs 43,000 people in the United States and 20,000 overseas"

Further Reading
New York Times Article By CHARLES DUHIGG and KEITH BRADSHER, 2012 link