Those Jobs are not coming back.

Eli,

There was an exchange last night where I actually preferred Obama to Romney.

Candy Crowley asked,

Mr. President, we have a really short time for a quick discussion here.
IPad, the Macs, the iPhones, they are all manufactured in China, and one of the major reasons is labor is so much cheaper here. How do you convince a great American company to bring that manufacturing back here?

Romney's answer was inane. He used it as another opportunity to bash China.

President Obama answered:

Candy, there are some jobs that are not going to come back, because they’re low-wage, low-skill jobs. I want high- wage, high-skill jobs.  

Then he went off the rails blathering about manufacturing. But let's just stay on the first part. He's right, those jobs are not coming back. Well, they would come back if we removed the barriers to low-skill, low-wage jobs, like minimum wages and the immense regulatory machinery that makes labor expensive in this country. But I doubt we are about to do that.

But the news is still good. Those cheap iPads and iPhones and Macs manufactured in China, CREATE jobs in the US.

The FCC has launched a new auction to "repurpose broadcast television spectrum for mobile broadband." It states in the release, "The mobile apps economy barely existed in 2009 but today, it supports nearly 500,000 jobs." I'm guessing they are underestimating the number of jobs. Without China, and low-wage, low-skill manufacturing to supply us with iPhones and iPads and Macs, there wouldn't be 500,000 jobs in  the mobile apps economy. Win win. I get a cheap iPhone. Then I pay $1.99 to get a really cool app, "Check the Weather." I'm happy, China is Happy. The estate of Steve Jobs is happy. David Smith & Cross Forward Consulting, LLC (they make the Check the Weather app) is happy.

Bill