As President Donald Trump urges companies to re-shore their businesses, a 2017 video of Apple CEO Tim Cook has resurfaced that has shed some doubt on that possibility.
Speaking in a interview with Forbes, Cook said it was a myth that China labor was cheap, instead he pointed out it was both abundant and expert.
, The popular conception is that companies come to China because of low labour costs. I'm not sure what part of China they go to, but the truth is China stopped being a low labour cost country years ago," Cook said., The products we require need advanced tooling and the precision that you have to have in tooling and working with materials that we do are state-of-the-art. Tooling skill in China is very deep,,
, In the US, you could have a meeting of tooling engineers, and I'm not sure we could fill the room. In China, you could fill multiple football fields, . Hence, the vocational expertise in China is very deep.,
