Today’s must read MSM piece is a 4500 word beastie, ostensibly about the iPhone, but actually about the broader technological trends that drive the economy, especially regarding employment. It reveals what happens when we shift low cost jobs overseas — the impact is a variety of more sophisticated, higher paying technological jobs follow as well. The video “iPhone Economy” is especially informative.
In the print edition, there is a fantastic graphic showing the change in Manufacturing versus Service Jobs; unfortunately, it is nowhere to be found on line (not even Economix), but I will make discreet inquiries.
Meanwhile, its your reading assignment for today.
How U.S. Lost Out on iPhone Work
CHARLES DUHIGG and KEITH BRADSHER
NYT, January 21, 2012