The average large corporation in America enjoys profit margins that once seemed unachievable in the 1970 s . This is a fact that even Warren Buffett admitted . What is profit ? Sales minus expense . When manufacturers offshore production to lower expense countries and turn around and sell products for exact same price back in the states , they are doing so at the expense of labor . In the 1970 s , American labor earned 47 percent of our national gdp . Today they earn 42 percent , yet our gdp continues to grow every single year . The wealthiest 1 percent own 700 percent more wealth today than in 1994 . This has occurred largely at the expense of American labor . Apple earned 45 billion dollars profit last year . When Obama asked them to produce iPhones in the US , they said the could not . There is a NY Times article from a couple years ago discussed it . A company earning 45 billion in profit per year cannot manufacture in the US . Sorry but that is complete bullshit . China has experience an economic boom over the 20 years unlike anything seen in human history . How ? As a nearly complete export economy . Where did all of this new business suddenly emerge from over the last 20 years ?