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Jobs, Jobs and Cars
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Krugman cites Apple as the largest company in the U.S. in terms of its valuation but having only 43,000 employees in the U.S. He asks the question- why does Apple get most of its manufacturing done in China? Apple indirectly employs about 700,000 people at its suppliers, with most of them in China. Companies contribute to a country's economy by creating successful clusters of research, innovation and manufacturing. In Apple's case, to the great detriment of the U.S. economy, the manufacturing part is being done entirely overseas. If cost is the only factor for this, then the question remains how German manufacturing has managed to surivive and grow with wages that are higher than in the U.S.
Apple iPhone manufacturing in China, and the U.S. trade deficit
07/01/2010
How much of the iPhone is manufactured in China? 3.6% by China's Hon Hai, but this does not account for South Korean and Japanese suppliers using manufacturing bases in China. German suppliers also have Chinese factories. Production costs at Hon Hai itself are rock bottom, as a result the other parts would be too expensive if not manufactured in China. Reliable statistics would include the value of all suppliers who build i-phone parts in China and take into account the impact on the US of manufacturing jobs that would otherwise be available in the US.
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US-China trade relations: Speak less softly, carry a stick
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Wall Street Journal 10/02/2010
Apple Says App Store Sales Rose 50% in 2014
Wall Street Journal 01/09/2015
U.S. Car-Making Boom? Not for Auto-Industry Workers
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Apple Services Shut Down in China in Startling About-Face
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Apple and Foxconn
05/29/2010
Apple's audit of working conditions at Foxconn factories in China.
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Apparel Retailers Confront Tough Options
Wall Street Journal 05/08/2013
Foxconn Tries to Move Beyond Appleâs Shadow
New York Times 05/06/2013
Hon Hai to Add Robotics in China
Wall Street Journal 08/03/2011
Wall Street Journal 05/29/2010
Why Apple and Others Are Nervous About Foxconn
BusinessWeek 06/03/2010
To Woo Apple, Foxconn Bets $3.5 Billion on Sharp
New York Times 03/30/2016
Apple performance
04/14/1998
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After Appleâs Rise, a Bruising Fall
New York Times 04/18/2013
Wall Street Journal 04/23/2013
Wall Street Journal 04/24/2013
Apple in Danger of Losing Its Cool
Wall Street Journal 04/23/2013
Why Tim Cook Is Like Steve Ballmer
New York Times 04/23/2013
Apple's Rising Star: Craig Federighi
Wall Street Journal 06/12/2013
The U.S. government's recovery of funds used to bailout insurers, banks, Fannie, Freddie, and auto companies
11/16/2010
The US government still has a ways to go to recover funds from the auto bailouts. AIG is still costly. Fannie and Freddie are an entirely different story, a debacle with huge additional funds needed.
Grouped Articles
Freddie's Profit Soars on Housing Rebound
Wall Street Journal 05/08/2013
Fannie Mae to pay $59.4B to Treasury - The Washington Post
Washington Post 05/09/2013
Fannie Chief: Payout Must Not Delay Revamp
Wall Street Journal 05/10/2013
Cost of Bailouts Continues to Decline
Wall Street Journal 05/10/2013
Fannie, Freddie Payments Nearly Match Aid
Wall Street Journal 11/08/2013
White House Rejects Fannie-Freddie Recapitalization Plans
Wall Street Journal 11/23/2013
Krugman on economic policy and prospects for the U.S. in 2010-12
08/08/2010
Grouped Articles
New York Times 08/08/2010
Bush Tax Cuts: Now That's Rich
New York Times 08/22/2010
New York Times 09/05/2010
New York Times 10/10/2010
New York Times 06/07/2012
How Righteousness Killed the World Economy
New York Times 10/12/2014
Lawrence Katz on the three jobs crises facing the U.S., and what needs to be done for job creation
12/10/2011
Grouped Articles
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
The Next First (and Only) 100 Days
New York Times 12/10/2011
New York Times 01/26/2012
New York Times 01/28/2012
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
Gramm and Hubbard: What a Romney Recovery Might Look Like
Wall Street Journal 06/06/2012
Capital investments and job creation by American companies in 2010-2011
01/01/2011
This varies by industry and companies. Companies with operations and opportunities in emerging markets are making large investments, whereas companies in the US market and dependent on US consumers are more cautious. Companies are also using some of the accumulated cash to make dividend payments.
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Big Firms Poised to Spend Again
Wall Street Journal 01/01/2011
Wall Street Journal 06/28/2011
Wall Street Journal 09/08/2011
New York Times 01/26/2012
New York Times 01/28/2012
GE (General Electric), Jobs, Global Competitiveness and the U.S. Economy
01/26/2011
GE and job creation.
Grouped Articles
Wall Street Journal 01/26/2011
Wall Street Journal 04/21/2011
Global crisis calls for G-20 growth pact - The Washington Post
Washington Post 08/11/2011
GOP Candidates Get New Impetus to Push Job Plans
Wall Street Journal 09/03/2011
Wall Street Journal 09/06/2011
A Waiting Game at Finance Unit
Wall Street Journal 09/06/2011
Apple in 2011-2012
04/14/1998
Grouped Articles
Wall Street Journal 01/15/2011
Apple Holders: Give Us Our Cash!
Wall Street Journal 01/18/2011
Timothy Cook in Apple Spotlight as Jobs Takes Leave
New York Times 01/17/2011
Apple Needs a Stronger Transfer of Power
New York Times 01/17/2011
Apple, With or Without Steve Jobs
BusinessWeek 01/19/2011
Appleâs Data Practices Draw More Scrutiny
New York Times 04/21/2011
Apple and working conditions at factories of suppliers in China 2010-2014
01/15/2009
Conditions at Foxconn factories in China. Foxconn is a key supplier for Apple products.
Grouped Articles
China Factories Try Karaoke, Speed Dating to Keep Workers
Wall Street Journal 05/03/2013
Apparel Retailers Confront Tough Options
Wall Street Journal 05/08/2013
Hon Hai to Add Robotics in China
Wall Street Journal 08/03/2011
Wall Street Journal 05/29/2010
The Demanding Off-Hour Escapes of Chinaâs High-Tech Workers
New York Times 07/16/2013
The Rise of a Chinese Worker's Movement
BusinessWeek 06/10/2010
Andy Grove and the scaling up at home that American companies need to do.
05/29/2010
Andy Grove brushes off talk of sending technologies and jobs much needed at home to China, with the talk he hears of "a China strategy." He doesn't see how an America with high paying jobs and mass of unemployed could work. He says American companies have failed to scale up, the way Intel did in the seventies. For every Apple employee there are 10 employees in China working on Mac's, Iphones, and Ipads. The idea of manufacturing as not important is misguided and he would like to see America rebuild its industrial base.
Grouped Articles
Wall Street Journal 05/29/2010
Wall Street Journal 10/02/2010
Apple Says App Store Sales Rose 50% in 2014
Wall Street Journal 01/09/2015
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Yuan Revaluation for China's Own Sake
Wall Street Journal 10/02/2010
The cost to the U.S. government and taxpayers for the auto industry bailout
06/02/2011
Grouped Articles
New York Times 04/13/2013
Cost of Bailouts Continues to Decline
Wall Street Journal 05/10/2013
U.S. Remaining Stake in General Motors
Wall Street Journal 12/10/2013
Wall Street Journal 06/02/2011
On the Road to Detroit's Big Pileup
New York Times 10/01/2011
New York Times 01/26/2012
Krugman on Apple, and job creation in the U.S. by U.S. companies
12/10/2011
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Apple Says App Store Sales Rose 50% in 2014
Wall Street Journal 01/09/2015
New York Times 01/26/2012
New York Times 01/28/2012
Apple Study on Job Creation Spurs an Economic Debate
New York Times 03/04/2012
Labor audits find poor working conditions at Apple factories - The Washington Post
Washington Post 03/30/2012
Lower job creation as the low cost of capital, lower interest rates and tax breaks accelerate factory investment in machines and software
12/10/2011
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Man vs. Machine, a Jobless Recovery
Wall Street Journal 01/17/2012
New York Times 01/26/2012
New York Times 01/28/2012
Skepticism about the appointment of Jeffrey Immelt of GE (General Electric) to head the President's Council on Jobs
04/02/2009
Immelt was appointed to head the President's Council on Jobs and Competitiveness in January 2011. A review of blogs following the appointment by Harshaw of the New York Times showed skepticism considering the role GE is playing in transfer of jobs and technology to China, negligible corporate taxes paid by GE, GE's need for bailout funds of $16 billion for its finance unit, and the lack a position for removal of distortions in trade practiced by other trading partners including China.
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Jeff Immelt’s Overhaul of GE Impeded by Falling Oil Prices
Wall Street Journal 03/03/2015
New York Times 01/21/2011
Volcker Out, Immelt in On Economic Board
New York Times 01/21/2011
New York Times 01/23/2011
Wall Street Journal 01/26/2011
Comparative Advantage and American Jobs
Wall Street Journal 01/26/2011
Apple and job creation in the U.S.
07/01/2010
Linked Articles
New York Times 01/26/2012
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
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