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Boeing's Move To South Carolina Could Help Revive American Manufacturing
Posted February 1, 2012
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By Justin Weinstein
The imbalance of imports to exports within the United States can be measured through the near $39 billion trade deficit the United States currently has. This disproportion of exports to imports did not develop quickly, but rather was a culmination of many factors that led factories in America to become obsolete and put workers out of work.
Apple (AAPL) is considered the pinnacle of an American company and a global icon. On the packaging and the back of every iPhone, iPod, iMac is printed "Designed By Apple in California." The products are manufactured and/or assembled in China. The case was not so in 2002. Ten years ago Apple did not manufacture all of its products abroad, but today Foxconn dominates the production of the Apple products, plus Amazon's (AMZN) Kindle, Cisco's (CSCO) routers, and countless other US-based companies' products.
This is not due to strictly the misconception of Americans that labor is cheaper abroad (though it is true); it also stems to America not having the "speed and flexibility" of Asian plants, says an executive from Apple. READ FULL ARTICLE HERE
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