They are. They are:
- 37 percent have moved production out of China in the past 12 months, while 33 percent plan to move in the next 6-12 months.
https://money.usnews.com/investing/news/articles/2019-01-17/...
- Apple Is Moving Some High-End iPhone Production to India
https://www.fool.com/investing/2018/12/27/apple-is-moving-so...
- China’s Xi Jinping 'most dangerous' to free societies, says George Soros
shops open and go bankrupt everyday everywhere...
>A recent UBS China survey of 200 manufacturing companies with significant export business or supply to exporters revealed the trade war has had a negative impact on 63 percent of those businesses.
>A quarter of those affected have cut jobs, 37 percent have moved production out of China in the past 12 months, while 33 percent plan to move in the next 6-12 months.
So it's 37% of 63% of a sample of 200 particularly strongly affected businesses, not at all 37% of global CEOs/businesses as GP was leading us to believe.
Where are these factories moving? Poorer countries in Asia. Vietnam, Thailand, etc. It's purely a cost-saving measure, due to the rising wages in China.
Despite much wailing and gnashing of teeth about the trade war, those jobs aren't coming back to the US. If neo-liberal economics, and nationalism continues to be a popular in the United States (I predict they will be), its only a matter of time until we'll be talking about a trade war against <The new China>.
The U.S. labor market "began to stop having as many vocational kind of skills"
If the incentives were there, you'd have those football fields full of tool and die makers Tim.
The fact that the skills aren't there is because your company doesn't pay for them.
Even worse, it's an outright lie and people like Cook know it because they put their money behind it. Haas Automation has an entire line IN THE US producing CNC machines that get shipped to China solely for Apple. Gee, if China was so much better at those skills, why don't you buy the machines there from Chinese suppliers? Hmmmmmm?
This one is indeed lovely. Ceos....
Me too. Napoleon said that a retreat in time is a victory.
So I got out to the woods eat berries off-grid and off-borders.
And I think most people agree with Soros.me too.