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How much do you think it costs to make a pair of Nike shoes in Asia?

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Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#251

Post by Clubber »

tharmas wrote: post #119
Clubber wrote: post #68

Earlier quoted context omitted.

Imagine if China decided to invade Taiwan like they've been threatening to do for a while. They would instantly cut off all exports to the US, because that's the smart thing to do. They would probably blockade Japan and other countries as well to keep them from exporting to the US, because that's the smart thing to do. Now since our supply chains were greatly disrupted (remember COVID?) we can only go to war with the…

I think the point being made is that under Trump's plan (repatriate production) China is MORE likely to invade Taiwan than before. Under the current situation China is LESS likely to invade Taiwan BECAUSE they rely on selling stuff to the USA. Once that reliance is gone, there are less negative consequences for China if they choose to invade Taiwan.

>Under the current situation China is LESS likely to invade Taiwan BECAUSE they rely on selling stuff to the USA.

I mean the took over Hong Kong already. I think that is wishful thinking.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#252

Post by [deleted] »

rayiner wrote: post #42

Americans need to get over their view of “Asia” as being about making shoes. When I was working in engineering in the early aughts, we mocked the Chinese as being able only to copy American technology. Today, China is competitive with or ahead of America in key technology areas, including nuclear power, AI, EVs, and batteries. We need to anticipate a future where China is equal to America on a per capita basis, but f…

[deleted]

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#253

Post by [deleted] »

pjc50 wrote: post #102
rayiner wrote: post #42

Americans need to get over their view of “Asia” as being about making shoes. When I was working in engineering in the early aughts, we mocked the Chinese as being able only to copy American technology. Today, China is competitive with or ahead of America in key technology areas, including nuclear power, AI, EVs, and batteries. We need to anticipate a future where China is equal to America on a per capita basis, but f…

> US will find itself in the same position the UK is in now The thing is .. there's a point here, but it's not at all tied in with physical products. People are obsessed with one side of the ledger while refusing to see the other. Most of the stuff the UK is struggling with (transport, healthcare, energy) are "state capacity" issues. Things where the state is unavoidably involved and having better, more decisive lead…

[deleted]

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#254

Post by ebruchez »

thfuran wrote: post #205
ebruchez wrote: post #180

Earlier quoted context omitted.

> China will surpass USA from a GDP Point of view in 2035. Don't be so sure, this has become much less clear. For example, in this article: "The Centre for Economics and Business Research, which in 2020 predicted that China would overtake the U.S. by 2028, revised the crossover point two years later, to 2036. This month, the British consultancy said it will not happen in the next 15 years." https://www.newsweek.com/2…

That was before the US decided to shoot itself in the face with economic policy.

Yes, but this will likely hurt China as well. You can't assume only the US will be hurt by this.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#255

Post by ModernMech »

bombcar wrote: post #184
myrmidon wrote: post #171

Earlier quoted context omitted.

> Fishing is less profitable for the whole UK than Warhammer. This sounded completely insane to me. I tried to look up numbers and found that Games Workshop brings in > 0.5 billion in revenue (!!), compared to all of UKs fisheries at 1 billion-ish (profit margins are, as you'd expect, pretty favorable for the plastic figurines that they don' even paint for you). Thanks for this interesting fact.

There's a problem with just directly comparing them - because JKR probably brings in more revenue to the UK than fishing, with Potter copyrights. But most of that revenue goes to JKR, whereas most of the fishing revenue may end up in "working class" people's pockets.

> But most of that revenue goes to JKR, whereas most of the fishing revenue may end up in "working class" people's pockets.

What an amazing argument to tax the rich!

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#256

Post by matt-p »

wahern wrote: post #195
pjc50 wrote: post #102

Earlier quoted context omitted.

> US will find itself in the same position the UK is in now The thing is .. there's a point here, but it's not at all tied in with physical products. People are obsessed with one side of the ledger while refusing to see the other. Most of the stuff the UK is struggling with (transport, healthcare, energy) are "state capacity" issues. Things where the state is unavoidably involved and having better, more decisive lead…

> Fishing is less profitable for the whole UK than Warhammer. There are 3x as many fishermen in the UK than employees of Games Workshop, and much more again if you count the number of related fishery jobs. At the end of the day, politicians and voters alike respond more to employment than nominal monetary figures. A broader employment base is generally better for social and political stability than explicit wealth re…

Sorry, but I don't think this is the reason. There were vastly more people in financial services calling for us NOT to have brexit than fishermen asking for it, even in number of people. I honestly don't think this was a numbers of people affected vs "% of GDP" affected issue. Not at all.

What good did it do for us? At the time everyone was running around rubbishing and laughing at the "outrageous" claims of 10% GDP loss, and where are we now?

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#257

Post by lostlogin »

mclau156 wrote: post #234
hx8 wrote: post #83

> But if we bump the cost of freight, insurance, and customs from $5 to, say, $28, then they wholesale the shoes to Footlocker for about $75. And if Footlocker purchases Nike shoes for $75, then they retail them for $150. Everyone needs to fixed percentages to avoid losses. I don't understand this paragraph. If Footlocker was okay with $50 profit/shoe, why do they need to claim $75 profit/shoe in their costs per shoe…

Every single person in the supply chain has a lever they can pull to change price, except the end consumer

> except the end consumer

You can usually change what you buy.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#258

Post by eyko »

myrmidon wrote: post #171
pjc50 wrote: post #102

Earlier quoted context omitted.

> US will find itself in the same position the UK is in now The thing is .. there's a point here, but it's not at all tied in with physical products. People are obsessed with one side of the ledger while refusing to see the other. Most of the stuff the UK is struggling with (transport, healthcare, energy) are "state capacity" issues. Things where the state is unavoidably involved and having better, more decisive lead…

> Fishing is less profitable for the whole UK than Warhammer. This sounded completely insane to me. I tried to look up numbers and found that Games Workshop brings in > 0.5 billion in revenue (!!), compared to all of UKs fisheries at 1 billion-ish (profit margins are, as you'd expect, pretty favorable for the plastic figurines that they don' even paint for you). Thanks for this interesting fact.

It's also worth considering that certain industries (fisheries and agriculture for instance) are subsidised. It's in our national interest to maintain production capacity, so profits are the least of our concerns. Both the UK and the EU's agricultural sectors are heavily subsidised mainly for this reason. It's cheaper to import than to produce locally, especially with our environmental standards and targets, but we need to keep producing. More so in the current geopolitical climate.

And whilst nobody wants to risk being starved to submission, it's also equally important to promote more profitable sectors, and tax accordingly, so that we can support our more strategic sectors. I wouldn't say we're doing a good job at that for what its worth.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#259

Post by raincom »

I worked in the retail; it is the shittiest job I ever had. I was given an abnormal schedule: two days closing, one day opening, one mid shift (and I should work either Saturday or Sunday). The churn is really high: people leave even if they find a better yet shitty job. Which jobs do you want to create in US? Retail jobs or manufacturing jobs?

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#260

Post by ninetyninenine »

rayiner wrote: post #42

Americans need to get over their view of “Asia” as being about making shoes. When I was working in engineering in the early aughts, we mocked the Chinese as being able only to copy American technology. Today, China is competitive with or ahead of America in key technology areas, including nuclear power, AI, EVs, and batteries. We need to anticipate a future where China is equal to America on a per capita basis, but f…

>We need to anticipate a future where China is equal to America on a per capita basis,

This is a nice way to put it.

Anticipate a world within your life time where China is the dominant economic, technological, military and cultural super power.

Anticipate jealousy, anticipate fear, but know that as Americans who have been top dog for decades there is nothing wrong with not being the best.

Additionally anticipate a changing world view less focused on the view that freedom and democracy as the only possible way to lead and anticipate that despite the fact that China is a communist country and centrally controlled they don't want conflict and they don't want total war.

China and the US are not perfect. The US needs to accept this fact and it needs to accept that another is about to take it's place as the top dog.

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