Wednesday, January 25, 2012

Mitch Daniels Doesn't Read the New York Times

Posted By on Wed, Jan 25, 2012 at 9:00 AM

Oh, Mitch Daniels, you didn't quite do enough research, did you?

The late Steve Jobs — what a fitting name he had — created more of them than all of those stimulus dollars the President borrowed and blew.

Of course, this weekend the New York Times ran a story entirely about how Apple ships a third of its jobs overseas. Beyond that, there are around 700,000 who work for Apple's contractors:


[A]n additional 700,000 people engineer, build and assemble iPads, iPhones and Apple’s other products. But almost none of them work in the United States. Instead, they work for foreign companies in Asia, Europe and elsewhere, at factories that almost all electronics designers rely upon to build their wares.

“Apple’s an example of why it’s so hard to create middle-class jobs in the U.S. now,” said Jared Bernstein, who until last year was an economic adviser to the White House.

“If it’s the pinnacle of capitalism, we should be worried.”

So, yes, Steve Jobs created jobs, Mitch Daniels, but quite a few of them pay 35 cents an hour, are rewarded with a cup of tea and a biscuit, and happen to be located in China.

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