not saying it’s necessarily a good thing but offshoring and financialization enabled American companies like Apple to retain a much larger chunk of profits and return more wealth to shareholders, who in turn recycled that money back into American assets, lowered cost of capital, raised valuations, funded startups that raised tech salaries and pulled global talent at the expense of other countries
In an alternate universe, keeping manufacturing industries and jobs onshore would likely have come at the expense of American dominance and high salaries in tech, and higher cost consumer goods - probably not a huge deal to most people
> but offshoring and financialization enabled American companies like Apple to retain a much larger chunk of profits and return more wealth to shareholders, who in turn recycled that money back into American assets, lowered cost of capital, raised valuations, funded startups that raised tech salaries and pulled global talent at the expense of other countries
So trickle down, but it only helps a small number of people in a handful of coastal cities? And imports people into the US to then take work from citizens?
And even that is no longer really happening (except for the importing people to take work from citizens), and hasn't for a few years now (not sure if you've seen the tech job market at the moment). Yes, there was a brief period of time that a few technologists were making 6 figures starting..
Apple has a 21% global smartphone market share. If the US has an unhealthy dependency on a single smartphone manufacturer, then perhaps something should be done about that?
If Apple truly has become a critical part of the nation's infrastructure and is "too big to fail", then why hasn't it been nationalized yet? The nation's safety depends on it!
IMHO the country was more stable when economic growth was more evenly distributed among the states. It is impossible to imagine Cupertino voting for a wreckless wildcard like Trump; this indicates how wide the disparity is.
I wouldn’t be surprised if Trump got a majority of the Cupertino vote in 2024. It’s heavily Chinese, and for some reason, he has a lot of support among the Chinese community. Maybe because he’s been funneling GPUs to the CCP?
In an alternate universe, keeping manufacturing industries and jobs onshore would likely have come at the expense of American dominance and high salaries in tech, and higher cost consumer goods - probably not a huge deal to most people
So trickle down, but it only helps a small number of people in a handful of coastal cities? And imports people into the US to then take work from citizens?
And even that is no longer really happening (except for the importing people to take work from citizens), and hasn't for a few years now (not sure if you've seen the tech job market at the moment). Yes, there was a brief period of time that a few technologists were making 6 figures starting..
Ban iPhone imports for 6 months and see if it only helps a "small number of people in a handful of coastal cities"
If Apple truly has become a critical part of the nation's infrastructure and is "too big to fail", then why hasn't it been nationalized yet? The nation's safety depends on it!
Cupertino was +44 for Harris in 2024
https://elections.cdn.sos.ca.gov/sov/2024-general/ssov/pres-...