The iPhone And US Unemployment

  Here's a brutal but persuasive piece on why unemployment is likely to stay where it is possibly for the rest of our lives. If you think of American innovation, you often think of Apple, an astonishingly innovative, brilliant industrial high-tech company. The iPhone has been a massive success - but has created jobs mainly ... in China. Apple could manufacture the iPhone in America, but its profit margin would drop from 64 percent to 50 percent. And Apple isn't alone, of course................. READ MORE: