Saturday, January 21, 2012

Manufacturing 101

How US lost out on iPhone Work is a must read to see why our economy is in the dumper. What's not said in this otherwise excellent NYTimes piece is the fact corporations were encouraged to go overseas for workers instead of staying here thanks, in large part, to the Fed and WS bankers striving to reward investors at all costs while the government helped out by allowing said companies to avoid taxes because "monies were made overseas". This is why GE paid no taxes in 2011.

As stated before, the article's terrific but what's even better is the interactive graphic one can see by clicking the image at the top of this post. It's a primer on why we are such trouble on the employment side of things, a situation which could get worse given the acceleration in all things digital with emphasis on robotics and AI, the twin engines of digital manufacturing.

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