Our country is in deep, deep trouble and one of the biggest reasons is our government created policies then allowed the corporations to ship all our jobs…and technology…offshore.
Many of the most important technologies in use around the world were developed right here in the states….and a good deal of that technology was developed with the support of federal policies and research dollars…that means we all have a vested stake in these products…we are all stakeholders….but the corporations have been allowed to ignore our interests in these products so that they can fatten their own bottom lines…..take computers for instance….
Today, manufacturing employment in the U.S. computer industry is about 166,000, lower than it was before the first PC, the MITS Altair 2800, was assembled in 1975 (figure-B). Meanwhile, a very effective computer manufacturing industry has emerged in Asia, employing about 1.5 million workers”ā€¯factory employees, engineers, and managers. The largest of these companies is Hon Hai Precision Industry, also known as Foxconn. The company has grown at an astounding rate, first in Taiwan and later in China. Its revenues last year were $62 billion, larger than Apple (AAPL), Microsoft (MSFT), Dell (DELL), or Intel. Foxconn employs over 800,000 people, more than the combined worldwide head count of Apple, Dell, Microsoft, Hewlett-Packard (HPQ), Intel, and Sony (SNE)