Today, America’s innovators and entrepreneurs are more effective drivers of job growth outside the United States than at home. But there are winners and losers both in the Winners and losers of globalization essay States and abroad.
Internet Explorer 9 or earlier. Go to the home page to see the latest top stories. ASPEN, COLORADO — Once upon a time, the car was the key to understanding the U. Then it was the family home. Nowadays, it is any device created by Steven P. Call it the Apple economy, and if you can figure out how it works, you will have a good handle on how technology and globalization are redistributing money and jobs around the world. That was the epiphany of Greg Linden, Jason Dedrick and Kenneth L.
The Journal of International Commerce and Economics. You probably aren’t surprised by that result, but if you are American, you should be a little worried. That is because Apple is the quintessential example of the Yankee magic everyone from Barack Obama to Michele Bachmann insists will pull America out of its job crisis — the remarkable ability to produce innovators and entrepreneurs. But today those thinkers and tinkerers turn out to be more effective drivers of job growth outside the United States than they are at home.
But, given how large China currently looms in the U. Pod jobs — 12,270 — are in the Middle Kingdom. An additional 4,750 are in the Philippines, which, with a population of just 102 million compared with China’s 1. 3 billion, has in relative terms been a much bigger beneficiary of Mr. This is a point worth underscoring, because some American pundits and politicians like to blame their country’s economic woes on China’s undervalued currency and its strategy of export-led growth.
In the case of the Apple economy, that is less than half the story. Now come what might be the surprises. More than half the U. 7,789 — went to retail and other nonprofessional workers, like office support staff and freight and distribution workers. That’s more than double what the U. Here in microcosm is why America is so ambivalent about globalization and the technology revolution. The populist fear that even America’s most brilliant innovations are creating more jobs abroad than they are at home is clearly true.
More articles about the Tea Party movement. But America has winners, too: the engineers and other American professionals who work for Apple, whose healthy paychecks are partly due to the bottom-line benefit the company gains from cheap foreign labor. Apple’s shareholders have done even better. Please verify you’re not a robot by clicking the box. You must select a newsletter to subscribe to. You agree to receive occasional updates and special offers for The New York Times’s products and services. You are already subscribed to this email.
View all New York Times newsletters. August issue of Foreign Affairs magazine, the Nobel economics laureate A. Globalization hurts some subgroups within some countries, including the advanced economies. The result is growing disparities in income and employment across the U. These contradictions of the Apple economy help to explain the defining paradox of the Aspen Ideas Festival this week, an annual gathering of business people, politicians and writers in the Colorado Rockies.