Apple to create jobs in US with $1 b Fund

You might remember President Trump’s election campaign speeches where he asked companies like Apple to start manufacturing their products in US instead of China and other countries. Apple seems to have accepted that in a way.
Even though there has not been any announcement regarding establishment of full-fledged manufacturing units, Apple has said that it will dedicate resources worth $1 billion to create jobs in the United States. Apple CEO Timothy Cook said that this fund could have a multiplier effect.

“Those manufacturing jobs could create more jobs around them because you have a service industry that builds up around them.”

Apple is not the first company to have announced such plans. In recent past, several companies have shared their plans to add, keep or promote jobs in the United States. For the approximately two-thirds of the American population without a four-year college degree, manufacturing sector remains one of the few sectors with the ability to deliver a positive contribution to the middle-class income.


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