
Money & Markets
How US clothing manufacturing fell behind without our noticing itLast January, NBC’s Brian Williams asked Apple CEO Tim Cook to imagine a situation where President Barack Obama mandated that the entire iPhone be produced in the US. In response to the question as to what a domestically-made iPhone would cost, Cook responded that manufacturing in the US is not a matter of price—it’s about skills, and that “over time, there are skills that are associated with manufacturing that have left the US.”
Updated July 21, 20223 min read