Originally posted on Global Macro Monitor:
Interesting story from AP on Foxconn, the Taiwan based companies who manufactures many of the Apple products. Two points jump out at us: 1) automated equipment; and 2) lack of skilled workers in the United States.
TAIPEI, Taiwan (AP) — The head of Taiwan’s Foxconn Technology Group says he will invite dozens of American engineers to his factories in China to learn about manufacturing.
News reports here say Terry Gou told a business meeting on Wednesday that he did not believe President Barack Obama could succeed in moving production lines back to the U.S. because Americans have outsourced those jobs for too long.
But Gou says he hopes the Americans can learn how factories are operated so they can return home to set up facilities with automated equipment to resolve the lack of skilled laborers.
Foxconn employs 1.2 million people in China to assemble products for Apple Inc. and other global firms. It has introduced more robots in China over the past two years as it faces soaring wages there.