Sunday, December 20, 2015

Apple being lured by vocational skill and education in China

Just finished watching CBS "60 Minutes" with two episodes dedicated to Apple's products' meticulousness, tax avoidance and manufacturing in China. One assertion claimed by CEO Tim Cook is that Apple shifts basically all the manufacturing jobs to China is not because of low wage in China. Rather, it is because China emphasizes on the training of vocational skills and focuses substantially on educational system. Skill and education rather than low wage in China? Probably just the half-truth. However, the powerhouse of tight-knit manufacturing ecosystem and relentless efficiency in China is surely formidable.   http://www.cbsnews.com/news/60-minutes-apple-tim-cook-charlie-rose/

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