Fareed Zakaria nails it:
"I think it's worth taking wage cuts to keep manufacturing jobs in America. You see, if those jobs keep going overseas, we could lose our most important job creator of all. Innovation.
Take Amazon's trendy reading device, the Kindle. America invented it, but Taiwan makes it. Liveris says foreign manufacturers learn from the process of making stuff. Which helps them invent new products themselves. Innovation happens on the factory floor, not just in research labs.
When you make stuff, you don't realize that when you move the making somewhere else, then the people who know how to make it have the intellectual know-how to make the next one."
"I think it's worth taking wage cuts to keep manufacturing jobs in America. You see, if those jobs keep going overseas, we could lose our most important job creator of all. Innovation.
Take Amazon's trendy reading device, the Kindle. America invented it, but Taiwan makes it. Liveris says foreign manufacturers learn from the process of making stuff. Which helps them invent new products themselves. Innovation happens on the factory floor, not just in research labs.
When you make stuff, you don't realize that when you move the making somewhere else, then the people who know how to make it have the intellectual know-how to make the next one."
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