Offshoring and the myth of the "added value manufacturing industries".

[Sen. Walter Sobchak]

1. I have been in a factory that makes flash memory devices

Human hands don't touch the product until a consumer maims themselves trying to open the styrene anti-theft packaging.

Total staff, about 40. Production will either be automated or off-shored to peasants. This was recognized by most policy makers fifty years ago. The Europeans and Japanese embarked on a successful collection of industrial policies. We decided to get into the peasant labor business.

And the Japanese were the first to recognize that their immediate post-war emphasis on low-value junk for export was a tremendous drain on their economy when the same resources could be part of the supply chain of the commanding heights of their economy. Korea learned the same lesson about twenty years later.