Apple Goes On A Hiring Spree In China

[Flatulo]

33. That's indeed happening. US-based companies are looking at the Far East not just as a source

for labor, but as their primary markets. They really don't need the relatively small US market when there're over a billion Chinese clamoring for western products and services.

A major biomedical device firm, Boston Scientific, recently relocated a $2b division to China in protest over the new 2.2% medical device tax. Their rationale? That's where the customers were. Why should they pay crummy US taxes when they could grow the business exponentially offshore?

Remember this - if a firm can profit by relocating jobs, they will. There is absolutely no commitment to the US workforce. That's just a cold hard fact.