Guest Post by Karl Denninger
“It’s skill,” Apple CEO Tim Cook said in response to a question on “60 Minutes” Sunday from Charlie Rose as to why the company’s products are made in China.
Rose clearly wasn’t buying it. “They have more skills than American workers? They have more skills than German Workers?” he pressed.
“The U.S., over time, began to stop having as many vocational kind of skills,” Cook explained. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.”
Assembly doesn’t require tool and die makers. It’s a low-paid job that has led Apple’s contract factories in China to install nets around their dorms so their slaves, er, “workers” can’t commit suicide by jumping off the buildings.
That sounds like a skilled vocation to me — it’s so highly-skilled that the people doing it are driven to attempt to kill themselves.
Pull my finger, Cook.