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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?

#271

Post by elcritch »

jyounker wrote: post #219
edm0nd wrote: post #167

Earlier quoted context omitted.

Imagine that, Chinese hackers breaking into energy companies and stealing blueprints to nuclear power plants (2014). https://money.cnn.com/2014/05/19/technology/security/china-h... >The kind of spying China is accused of can yield valuable information and give the country's businesses a much-needed boost. Westinghouse spent a significant amount of money designing the special pipes that are the defining feature of its…

Do you really think that the US doesn't engage in industrial espionage too?

Certainly it does, but not nearly to the same degree (anymore).

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

#272

Post by octernion »

logifail wrote: post #199

According to https://news.ycombinator.com/item?id=41283368 we should be linking to the primary source. Q: Is there a specific reason* that this thread links to threadreaderapp? * other than politics, which we try Really Hard not to bring into HN...

afaik you still need an account to read more than the first post in a thread, and many of us don't have twitter accounts any longer

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

#273

Post by matt-p »

callamdelaney wrote: post #250
lostlogin wrote: post #245

Earlier quoted context omitted.

Do you think Brexit has helped the UK?

I think it could have been a great help to the UK.

If we'd of done what, out of interest?

Personally I don't 'agree' with brexit, but it's the reality that we're in. In typical british fashion we're trying to stay friends with the EU, even though they basically hate us, while also trying to do trade with the rest of the world. Predictably we can't really do much of 2 without 1 becoming a problem (and vice versa). However 1 is currently our biggest trading partner (as a bloc, US as a country) so what have we done? Sat in the middle not doing anything radical hoping we can be best friends with everyone.

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

#274

Post by washadjeffmad »

singron wrote: post #196
aimor wrote: post #89

Trying to summarize the summary for myself From a $100 shoe that sells for $76: - $24 goes overseas (22 cost, 2 freight) - $8 goes to the US gov't (3 import, 2 Nike tax, 3 Footlocker tax) - $33 goes to US employees or businesses (5 Nike marketing, 11 Nike expenses, 17 Footlocker expenses) - $5 goes to Nike (11% return) - $6 goes to Footlocker (8% return) But now with 100% tariffs, it's a $100 shoe that sells for $100…

Just to say the obvious, they are also going to sell fewer/cheaper shoes according to the demand elasticity since the consumer price is 32% higher. Despite Nike making slightly more on a per-shoe basis, they are probably going to make less overall.

I wouldn't assume that they wouldn't segment products. Nike already offers more expensive lines with higher margins to offset less profitable ones. Why should we expect them to pass on direct costs to customers?

The blog also doesn't acknowledge the externalities of shipping. Having a "Nike USA" brand that becomes their premium domestic flagship won't incur the same logistical expenses or tariffs. I may be biased because I'm from a debtor colony that understood there's no way free people can compete with slave labor, but the distaste for compensating workers is largely a classist taboo.

People are theorycrafting ways to lose, but I would only expect that from a company that was trying to signal their disdain for current trade policy, not actually run their business.

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

#275

Post by tim333 »

da02 wrote: post #218
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…

Any experience or thoughts on Vietnam and Malaysia? Are they also moving ahead?

Vietnam was one of the fastest growing countries in the world but from a low base. They were following a similar trajectory to China but about 20 years behind. Not sure how the tariffs will affect things.

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

#276

Post by Symbiote »

callamdelaney wrote: post #213
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…

[flagged]

Freedom of Expression is part of the Human Rights Act 1998.

It's not the Labour party that's campaigning to repeal this act.

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

#277

Post by DrillShopper »

ttoinou wrote: post #73
bpt3 wrote: post #59

Earlier quoted context omitted.

Their population is declining, and they are a long way away from parity with the west on a per-capita basis. I think China missed their opportunity. Also, the UK hasn't dominated finance for a century and has never been dominant in services, so it doesn't seem like an apt comparison.

But look at per capita per purchasing power

Per capita purchasing power will decrease rapidly in the US if USD stops being the world's preferred reserve currency.

China's per capita purchasing power will increase rapidly if RMB becomes the world's preferred reserve currency.

Trump seems to be doing everything to speed up the former and as a result is also speeding up the latter.

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

#278

Post by overfeed »

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…

> What will be America’s competitive edge in that scenario?

A few months ago, I'd have said soft-power and goodwill built over decades with the rest of the western world, which roughly equals China in population size. Instead, I agree that the US is staring down a "managed decline" like the UK, but hopefully not as steep.

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

#279

Post by magnuznilzzon »

Symbiote wrote: post #228
tayo42 wrote: post #174

Earlier quoted context omitted.

That's been my current dream trip for a little. I think it woukd be so cool to ride the trains around the country and see what it's really like there. Learning the language is hard though

Remember to carry your passport at all times, as you'll need it to buy a train ticket. Even a simple metro ticket. You can also smile at the CCTV cameras, which are in groups every 100m or so within cities.

Train tickets sure, for the high speed rail, but metro? Not in Shanghai at least

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

#280

Post by rib3ye »

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…

I think it's pretty clear what Trump's long-term solution is with unobtainable economic goals on China and strategic outreach to Russia — He wants to turn that 4x into 1x via hot war before the Xi's 2027 military goals are reached.
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