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

Mom and former teacher sparks thoughtful debate with 6 words: ‘Don’t let your kid be weird’

Therapist’s one-minute trick can stop your brain from always jumping to the worst-case scenario

Woman built Chicago’s first postnatal luxury retreat for parents. She thought of everything.

Psychologists have identified 4 humor styles. Knowing yours may help you find a partner.

Professor uses clever text trick to catch 32 students who used AI to cheat on their midterms

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Featured

After watching how Boomers retired ‘forward,’ Gen X is retiring ‘backward’

11-year-old boy shows his American pride by crocheting 8-foot flag using 60 skeins of yarn

He spent 60 years looking for his birth family. Shortly before he died, a DNA test reunited them.

Paralyzed kitten was too small for a wheelchair. So the shelter made one out of random junk.