Koppel on Discovery : Program Highlights : Discovery Channel

Koppel on Discovery : Program Highlights : Discovery Channel: "Part 1: Joined at the Hip
The American and Chinese economies are irreversibly intertwined. The common complaint that the Chinese are taking jobs away from American workers is in many cases true. China's cheap and abundant labor attracts manufacturing from all over the world. Still, American economists estimate that the U.S. is as much as $70 billion richer each year because of its relationship with China —something must be going right.

Wal-Mart, America's largest retailer, is able to maintain low prices in part because of cheap Chinese labor. And when Apple sells a $299 iPod (designed in California and assembled in China), the American computer company makes an $80 profit, while the Chinese assembly plant makes just $4."

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