Re: How far I've come...
By: Rob Mccart to DUMAS WALKER on Sat Jan 28 2023 12:48 am
> DW>It is difficult to make something of the same quality at the same price
> >point when the entity you are competing against pays their employees so
> >much less and can also use slave labor from the re-education camps.
>
> Commenting on all the messages referring to China, not just this one, China
> have a different attitude than we do about business. A company will run at a
> loss for 10 or 20 years until they put all the competition out of business a
> then they raise their prices to make a profit. Western countries do not plan
> that far in advance. They want immediate profits.
>
> Wages are not that low in China. Just checking the most recent figures say
> the average worker there makes just over $54,000 (US) a year, not exactly
> slave labour.
>
> They do work efficiently.. I recall years back, probably when wages were qui
> a bit lower there, a big US manufacturer of sporting goods was making footba
> helmets in the USA. But, they were shipping the helmets to China to have the
> mouth guards attached, and then shipping them back since that was cheaper th
> doing it in the USA.
>
> Also, the Chinese gov't hates paying people to do nothing. They will keep a
> factory operating that is failing miserably, and then dump the products on
> foreign markets at ridiculously low prices, rather than let the company shut
> down.
>
> Ironically, they will also mechanize a plant to make more products using few
> workers to increase the potential profits where Unions here would never stan
> for that.
>
> It's hard to compete with that sort of mentality.
The country also restricts travel from one province to another to regluate
jobs and commerce. This ia a way to keep farmers' families in farming, so
their kids won't leave in puruit of better manufacturing jobs.
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