Steve Jobs himself provides a great example of this, APPLE itself, that liberal bastion of campaign $ donations, that his company could not make the iPhone in the U.S. (Some would now point out the amazing hypocrisy on the part of Steve Jobs, and by logical extension, the other billionaire libs...like Oprah, Zuckerberg, etc.)
From the article, "Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.
Why can’t that work come home? Mr. Obama asked.
Mr. Jobs’s reply was unambiguous. “Those jobs aren’t coming back,” he said, according to another dinner guest.
The president’s question touched upon a central conviction at Apple. It isn’t just that workers are cheaper abroad. Rather, Apple’s executives believe the vast scale of overseas factories as well as the flexibility, diligence and industrial skills of foreign workers have so outpaced their American counterparts that “Made in the U.S.A.” is no longer a viable option for most Apple products."
Or, "Another critical advantage for Apple was that China provided engineers at a scale the United States could not match. Apple’s executives had estimated that about 8,700 industrial engineers were needed to oversee and guide the 200,000 assembly-line workers eventually involved in manufacturing iPhones. The company’s analysts had forecast it would take as long as nine months to find that many qualified engineers in the United States.
In China, it took 15 days."
Obviously that demonstrates a surplus of skilled, educated labor that the U.S. does not have. WHY? Some blame this or that, like the public school system...but it more likely is due to the choices students coming through our fine institutions are making for themselves. "Why take math when I can take a goofy movie class?"
Check it out. Gorilla glass and YOU (or Steve Job's car keys scratching the plastic iPhone's surface...) and CHINA.http://www.nytimes.com/2012/01/22/business/apple-america-and-a-squeezed-middle-class.html?_r=1&pagewanted=all
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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?