That iPhone in your pocket? You’d be surprised where the money goes when you buy it.

The first part of this clip is about why a lot of the good jobs are gone (hint: it rhymes with whoa-balization), and the second part gets to the point about where things are made and what countries benefit. Economist Robert Reich shows us, and it’s a little … scary.

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Brandon Weber

Feb 14, 2014

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That iPhone in your pocket? You’d be surprised where the money goes when you buy it.

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More for You

11 people share the ‘harsh truths’ that helped them become far more emotionally mature

Mark Twain’s timeless advice on how to become a critical thinker is still wise over 100 years later

She got fired from her bank job on the way home, sat on the train, said a prayer. Her phone rang 15 seconds later.

Teacher lets kindergarteners choose their name for a day. Their choices are delightfully unhinged.

Happiness expert shares the 7 habits of people who are happy and healthy later in life

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Featured

Culture expert reveals historic reason why so many women in old movies got tied to railroad tracks

The artwork you saw in every ’80s and ’90s classroom came from 2 badass elementary teachers

People who think out loud have a distinct advantage when it comes to making smart decisions

A Memphis restaurant banned all customers under 30 and locals are cheering the decision