How Barack Obama Can Bring Manufacturing Jobs Back To America
By Benchmark VC Michael Eisenberg: This morning I read the New York Times account of why the iPhone is manufactured in China and most of the manufacturing jobs for it are in Asia. The Times correctly warns of the jobs crunch facing America's middle class as mass manufacturing has moved to Asia.
For Mr. Cook, the focus on Asia "came down to two things," said one former high-ranking Apple executive. Factories in Asia "can scale up and down faster" and "Asian supply chains have surpassed what's in the U.S." The result is that "we can't compete at this point," the executive said.
As Steve Jobs correctly told President Obama, these mass manufacturing jobs are not coming back. As the Times writes, this problem has its roots in poor education of America's youth, poor planning for the future, and the globalization and integration of the supply chain for mass production. Since mass scalable production is theComplete Story »