Tim Cook illustrates the arguments why China will catch up fast and dominate. STEM is key. "China’s manufacturing dominance isn’t about cheap labor,...it’s about a deep, unrivaled reservoir of specialized talent and technical know-how".
"And that is not the reason to come to China from a supply point of view. The reason is because of the skill and the quantity of skill in one location and the type of skill it is. The products we do require really advanced tooling and the precision that you have to have in tooling and working with the materials that we do are state of the art. And the tooling skill is very deep here. You know, in the U.S. 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."
💬 Discussion
Tim Cook illustrates the arguments why China will catch up fast and dominate. STEM is key. "China’s manufacturing dominance isn’t about cheap labor,...it’s about a deep, unrivaled reservoir of specialized talent and technical know-how".