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No, not at all. Like the other article linked by nodata, companies are moving from China to Vietnam because its cheaper. Seems a little greedy.
>>>Seems a little greedy. Which actually benefits us as the consumer. Would you prefer a less greedy corporation that goes where the most expensive labor is which then increases the cost of production which then increases the cost of the products you buy from said company? Greed is what keeps prices low, and competition high.
Earlier quoted context omitted.
No, not at all. Like the other article linked by nodata, companies are moving from China to Vietnam because its cheaper. Seems a little greedy.
>>>Seems a little greedy. Which actually benefits us as the consumer. Would you prefer a less greedy corporation that goes where the most expensive labor is which then increases the cost of production which then increases the cost of the products you buy from said company? Greed is what keeps prices low, and competition high.
Yes? I would definitely prefer an America where there is less disposable crap, but more secure and stable domestic jobs for people, and I think most Americans would agree.
Earlier quoted context omitted.
No, not at all. Like the other article linked by nodata, companies are moving from China to Vietnam because its cheaper. Seems a little greedy.
>>>Seems a little greedy. Which actually benefits us as the consumer. Would you prefer a less greedy corporation that goes where the most expensive labor is which then increases the cost of production which then increases the cost of the products you buy from said company? Greed is what keeps prices low, and competition high.
Earlier quoted context omitted.
No, not at all. Like the other article linked by nodata, companies are moving from China to Vietnam because its cheaper. Seems a little greedy.
Except it's not. China has reached the stage in economic development that people are moving to higher skilled and higher paying jobs. Infrastructure in Vietnam has improved to the extent that is ready for large manufacturing plants. While companies are saving by moving manufacturing plants, many people (millions) in Vietnam are going to experience higher standard of living. I say it's a win win.
Earlier quoted context omitted.
No, not at all. Like the other article linked by nodata, companies are moving from China to Vietnam because its cheaper. Seems a little greedy.
I wonder what happens when they run out of countries to move to.
Earlier quoted context omitted.
No, not at all. Like the other article linked by nodata, companies are moving from China to Vietnam because its cheaper. Seems a little greedy.
>>>Seems a little greedy. Which actually benefits us as the consumer. Would you prefer a less greedy corporation that goes where the most expensive labor is which then increases the cost of production which then increases the cost of the products you buy from said company? Greed is what keeps prices low, and competition high.
Higher wages and better benefits benefit the consumer.
Earlier quoted context omitted.
No, not at all. Like the other article linked by nodata, companies are moving from China to Vietnam because its cheaper. Seems a little greedy.
Except it's not. China has reached the stage in economic development that people are moving to higher skilled and higher paying jobs. Infrastructure in Vietnam has improved to the extent that is ready for large manufacturing plants. While companies are saving by moving manufacturing plants, many people (millions) in Vietnam are going to experience higher standard of living. I say it's a win win.
Aren't therefore many people (millions) in China going to experience lower standard of living?
Earlier quoted context omitted.
No, not at all. Like the other article linked by nodata, companies are moving from China to Vietnam because its cheaper. Seems a little greedy.
I wonder what happens when they run out of countries to move to.
Probably before that hits, automation for most of the product. Eventually we will need very few people to produce any part of the product. We will automate resource extraction. Automate resource delivery. Automate resource refinement. Etc.
So this leaves us with a large population that has little point in the current economic system. So we'll get higher unemployment globally. Historically this has lead to wars, either internal or external. Marx/Hegel are right. The haves and the have-nots will duke it out. The have-nots will, like Norther American generals in the civil war, throw bodies at the haves. Eventually coming to a new equilibrium of far fewer have-nots (many are dead) and probably fewer haves. Eventually everything is owned commonly and a new society is birthed based on the idea of self actualization through experimentation.