311–320 of 598 posts
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They were never going to build Apple products there though. That was for LCD television components.
I don't think the point they were making was about Apple products being built there, but that Foxconn continues to put their attention elsewhere with other projects.
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And good luck with that with China holding so much of our debt. Military leaders in the US for decades has been warning politicians that our debt is one of our biggest threats.
China holds US debt denominated in dollars, which is different from eg holding Sri Lankan debt denominated in dollars. In the US case, the government can issue more treasuries to cover payments or if things are dire they can just print more dollars. Sri Lanka can’t make new dollars so they need to get them through trade and if they have an imbalance there it can be very hard. I think it isn’t really very relevant to…
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Manufacturing for export with Western companies was central to China's rise - same goes for Korea, Japan, and Taiwan - but there was more to it than comparative advantage/labor arbitrage. There was a lot of heavy-handed government action: land reform dispossessing wealthy families, aggressive/protectionist state financing, etc.
Someone read "How Asia Works"!
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> you don't have to be a union activist to recognize that exporting american manufacturing jobs has been disastrous for our domestic working class You do though. The reality is that "exporting" these jobs means cheaper products for everyone, and no one in what you call the "working class" wants these jobs to be in the US if it means they need to pay more for everything. The US consistently manufactures more every yea…
>no one in what you call the "working class" wants these jobs to be in the US you might be a little disconnected from reality >if it means they need to pay more for everything. yes, now they can pay a little less from their wage.. oh wait, they got fired
you might be projecting
> yes, now they can pay a little less from their wage.. oh wait, they got fired
nah, there are plenty of "working class" people who are working
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No, you are exactly backwards. Did the People’s Revolution win or did the students win? I seem to remember that the students were run over by tanks. Probably not being driven by highly educated PLA commanders.
You just destroyed the argument you were trying to make. The protesters were the well educated students. This will always be the tip of the spear for change. Revolutions that try to leverage the uneducated masses are the most bloody and destructive - and they usually lead to dictatorships, not democracies.
A lot of comments here are criticizing Apple for chasing cheap labor. Ignoring for a second the fact that this has a lot more to do with geopolitics and hedging geopolitical risk, I think it's important to think more carefully about the impact of companies investing in developing economies. By and large, the factory work done by people in developing economies is dramatically better in terms of quality of life and saf…
I'm interested to know to what extent this is just assembly of parts imported from China, or whether the real control over things like the M1 chip assembly, secure element, logic board, etc. are also moved to Vietnam? Seems like that's the secret sauce / real proprietary stuff that tells you whether the high value is moving too. (or maybe that is not even in China either) And do they have the surrounding parts + engi…
China does surprisingly little when it comes to the advanced stuff.
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> Foxconn was able to recruit more than 8000 workers overnight...This level of efficiency used to belong to the US. is that efficiency or just control/desperation of workers? i'm not sure i'd like to see that come to the u.s...
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> Otherwise they have a choice of how they earn a living.
A lot of comments here are criticizing Apple for chasing cheap labor. Ignoring for a second the fact that this has a lot more to do with geopolitics and hedging geopolitical risk, I think it's important to think more carefully about the impact of companies investing in developing economies. By and large, the factory work done by people in developing economies is dramatically better in terms of quality of life and saf…
There is a lot of dishonesty around Westerners complaining about foreign cheap labor. They claim to be championing labor rights, but they are often just angered at companies for stopping all manufacturing in the West. They see it as an obvious weakness in their ideology that companies can just walk away from their labor movement and go elsewhere. The obvious truth, and what literally all of these Vietnamese workers w…