People talk about tech giants, but Facebook and Google are actually advertising giants. They pour much more money into their advertising than they do into r&d.
Many brands have a cost structure where, for each product sold, more money goes to advertising than to the person who actually made the product. Sometimes 2 or 3 times more. That’s where the battle for attention is taking us, a place where attention from customers is worth much more than the effort of the worker.
None of this is inevitable, advertising should be heavily taxed and regulated.
They’ll make iPhones in India. Which is actually what they are doing right now. Or in Vietnam. Or Ethiopia. You can’t tariff everyone 140% if you want your economy to work.