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Fronkman
An Apple a day keeps the doctor away
Premium Member
join:2003-06-23
Saint Louis, MO

Fronkman to xrobertcmx

Premium Member

to xrobertcmx

Re: How U.S. Lost Out on iPhone Work

said by xrobertcmx:

As for Federal incentives...do any of the major corps still pay tax?

ha! the vast majority of the fortune 500 not only doesn't pay tax but actually gets big checks from the government every year.

looking at the whole thing from a macroeconomic/historic perspective, chinese labor is not really that far off base from what has been happening since the start of the industrial revolution. england was cheap later for continental europe, the US was cheap labor for europe, asia is currently cheap labor for the US and europe...

this cycle will continue. the standard of living is rising (though somewhat imperceptibly) in china and eventually communism will fall. where will the next cheap labor source come from? there are a number of other asian countries but most economists agree that africa is wide open.

howardfine
join:2002-08-09
Saint Louis, MO

howardfine

Member

Exactly the point I was going to make!