Share of Employment in Manufacturing, 1980-2015, in China

choi

Kathy Chu and Juro Osawa, Trump's Made-in-USA Snag: Asia. Wall Street Journal, Nob 17, 2016.
http://www.wsj.com/articles/a-sn ... ain-asia-1479293609

Quote:

(a) the first three paragraphs:

"Asia's sophisticated electronics supply chain and massive labor pool are two obstacles standing in the way of President-elect Donald Trump's pledge to make US companies bring manufacturing jobs home.

"When Jabil Circuit Inc, the world's third-largest contract manufacturer by revenue [Foxconn > Flextronics (nominally based in Singapore, but actually an American firm; Foxconn beat it to become No 1] , needed to quickly ramp up production of its electronics components a few years ago, the company was able to add 35,000 workers in China in less than six weeks.

" 'In no other country can you scale up so quickly,' said John Dulchinos, vice president of digital manufacturing at Jabil, a St Petersburg, Fla, supplier to companies such as Apple Inc. and Electrolux SA. 'You have the ability to move quickly and there’s a really strong electronics supply chain in Asia centered around China.'

(b) "The president elect [Trump] has threatened to impose a 45% tariff on Chinese imports to the country. This move could hurt companies manufacturing in China such as Apple, Dell Technologies, and HP Inc. It would drag down China’s GDP by 4.8% and Chinese exports to the U.S. by 87% in three years, according to Daiwa Capital Markets Hong Kong’s Kevin Lai.

My comment: There is no need to read the rest, which says nothing new. what is most critical us the graphic, which shows that "share of employment in manufacturing" dropped from 1981 to 2003 (inclusive) and then increased non-stop (even during the 2008 financial crisis). IPhone debuted in 2007, but China acceded to World Trade Organization on Dec 11, 2001.