What you're also paying for is manufacturing jobs here in the US, as that's where it's made.
This device isn't $299 because it's made in America.
(And I wonder how much of the manufacturing is done in the US anyway. Is it just the chassis and final assembly, or does that include all of the components too?)
http://www.nytimes.com/2012/06/28/technology/google-and-othe...