"Rising labor costs", what happens in the future when the world is fully developed and these co's run out of developing countries with cheap labor to exploit?
I'm guessing the question is rhetorical but ... robots.
Samsung ends mobile phone production in China
161–170 of 201 posts
Re: Samsung ends mobile phone production in China
#162Earlier quoted context omitted.
I wonder why more producers haven't made this move? If Vietnam is there as far as infrastructure goes and they have the skilled/unskilled labor why is this not a more popular move. Also when we say "make" I assume we mean "assembles". Somewhat anecdotally I recently purchased a laptop and tried to find one that wasn't made in China and it was nigh on impossible.
I'm a tech expat living in Vietnam (from Bay Area) for the last 4 years. This is a really loaded question. You have to look into the politics of the VN govt, especially related to the fact that it is on the northern end of VN, closer to Hanoi... which has different politics than in the south. I've been to Hai Phong, which is the city in the north near the China border where most of this commerce happens. It is fascin…
I visited Sihanoukville 11 years ago and 2 years ago. It's like a bomb of chinese money went off, that place is going to be the next las vegas/macau.
Re: Samsung ends mobile phone production in China
#163Earlier quoted context omitted.
Oh, they can...but the market forces that they follow tend not to incentivize the feeding of people unless there is some gain in it for them. /s Seriously though, I acknowledge and thank you for your opinion, but respectfully disagree.
I believe you mean to say some "grain" in it for them. /badpun
Awesome! :-)
Re: Samsung ends mobile phone production in China
#164"Rising labor costs", what happens in the future when the world is fully developed and these co's run out of developing countries with cheap labor to exploit?
By exploit, do you mean offering them jobs that pay higher than local average? Or that developing countries have weaker institutions for labor laws?
Not OP, but probably just the dictionary definition of the word "exploit", to use a resource for one's own benefit. If there are business models that cannot function without this particular resource, what will become of them?
They aren't paying "higher than local average" out of the goodness of their hearts. If they were, shareholders wouldn't be too happy.
Re: Samsung ends mobile phone production in China
#165"Rising labor costs", what happens in the future when the world is fully developed and these co's run out of developing countries with cheap labor to exploit?
People get paid more, products cost more, people consume proportionally less and expect their products to last more than six months.
Re: Samsung ends mobile phone production in China
#166"Rising labor costs", what happens in the future when the world is fully developed and these co's run out of developing countries with cheap labor to exploit?
Probably violent protests and war as economic opportunity shrinks to an ever smaller elite class of wealth.
Re: Samsung ends mobile phone production in China
#167Earlier quoted context omitted.
How do you feel about Apple's theft of Xerox's innovation in the late 70's or Obama's "pardoning" of Apple IP theft (ie, Samsung's USITC victory), that would have banned iPhone imports from China in 2012?
> Apple's theft of Xerox's innovation in the late 70's Apple was invited to visit Xerox in exchange for pre-IPO stock purchase rights. Xerox's management didn't know the value of what they had and willingly gave it away.
There was no such "exchange" -- Xerox's investment in Apple did not depend on Apple's visit to Xerox, which had been open to public demonstration throughout.
Re: Samsung ends mobile phone production in China
#168Earlier quoted context omitted.
> Apple's theft of Xerox's innovation in the late 70's Apple was invited to visit Xerox in exchange for pre-IPO stock purchase rights. Xerox's management didn't know the value of what they had and willingly gave it away.
This. Apple didn’t steal anything from xerox, they bought it. Sure they got a good deal, but it was still a legal transaction.
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Re: Samsung ends mobile phone production in China
#169Earlier quoted context omitted.
Unfortunately, there will always be someone to exploit. Capitalists have a clever way of "evolving" to always be able to capitalize on someone/some group.
At least capitalists can feed people.
Does "full-time employees at companies like Amazon or Walmart often can't afford food and rely on government assistance to eat" count as capitalists feeding people?
Re: Samsung ends mobile phone production in China
#170"Rising labor costs", what happens in the future when the world is fully developed and these co's run out of developing countries with cheap labor to exploit?
By exploit, do you mean offering them jobs that pay higher than local average? Or that developing countries have weaker institutions for labor laws?
-None of the workers received a copy of their work contract – a violation of Vietnamese law.
-Women work under high noise levels that exceed Vietnamese regulatory limits.
-All workers reported extreme fatigue and dizziness or fainting at work.
-Workers reported that miscarriages are extremely common—even expected.
-Workers must stand throughout their 8-to-12-hour shifts and many are kept on alternating day and night shift schedules, regardless of weekends.
-Pregnant workers usually stand for the entire shift to avoid having the company deduct money from their wages for taking breaks.
-More than half of the interviewed women have children, but company dormitory rules prohibit them from living with their mothers. The children live with family members in another town or city.
-Workers reported problems with bone, joint, and leg pain.
-Workers’ lives are controlled inside and outside of work and they are restricted from speaking about work because of fear of reprisals.
-The need for further research regarding chemical exposure is necessary. Despite the fact that workers are stationed in open factory settings where other workers use a variety of substances, they did not consider assembly line work a chemical risk.
https://ipen.org/news/samsung-workers-line%c2%a0unique-repor...
https://www.usatoday.com/story/opinion/2018/03/14/your-cool-...