good luck getting the average person to even get past the 2nd slide with basic calculations lol. he's preaching to the choir.
How much do you think it costs to make a pair of Nike shoes in Asia?
751–760 of 1001 posts
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#752Earlier quoted context omitted.
A lot of our “value chain” is bullshit. If and when China becomes twice as big an economy as the US, much of our “edge” in marketing, finance, and services isn’t going to mean squat. E.g. how much “GDP” will evaporate overnight when American universities no longer have the cachet that comes along with being the best universities in America?
> A lot of our “value chain” is bullshit. No it isn't, productivity has to increase, that's why we constantly get rid of jobs that do not provide much value. People want more money, and the only way we get there is with more productivity (doing jobs that make more money). > If and when China becomes twice as big an economy as the US, much of our “edge” in marketing, finance, and services isn’t going to mean squat. Ch…
Productivity since 2000 had only increased by some 30%, which can not account for structural changes in job market.
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#753Earlier quoted context omitted.
'declining' on which level? China will surpass USA from a GDP Point of view in 2035. China surpassed Germany as industry machines export in 2018.
Their population is declining in absolute terms. They have been projected to pass the USA in GDP for a long time now. We'll see if it happens. Their demographic trends are not favorable, but the US seems to be testing out how many self-sustained wounds its economy can survive.
[dead]
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#754Earlier quoted context omitted.
You do understand that Chinese Companies can easily just hire people from abroad? You also do know how many companies moved their knowledge to China on purpose right? The knowledge on how to build things, is learnable even if you don't just 'hack' everything. And there is a lot of signaling happening, that china has surpassed American and European companies in R&D. CATL for example. Whatever China did or still does,…
You do understand that Chinese government can (and does) easily just instruct their nation-state hackers to steal from abroad? They have been caught doing this for decades.
[dead]
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#755Earlier quoted context omitted.
That's a bold claim. Do you have a source for that?
subtlety is lost. I am saying they aren't selling you $200+ shoes. They are selling you a shoe that maybe costs them $10 and $190+ of "brand".
So how are they loss leaders? I understood the comment as "Nike makes a loss on shoes and actual profits come from the other branded stuff they sell".
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#756Earlier quoted context omitted.
I'm kinda surprised people aren't just buying a 3D printer. I print stuff all the time. I'm not into this kind of game but if I were I wouldn't pay that much for a piece of plastic I can print at home for 3 bucks.
I've FDM printed models for friends, and the quality isn't there. It's not good enough to spend the time carefully painting it. It's fine as a token for the game, but people enjoy the painting etc too. A resin printer isn't safe for use in an apartment, otherwise that would probably be more common.
I just Googled for "resin printer at home". There are loads of Reddit discussions and YouTube videos about it. Yes, precautions and a careful setup are required, but "isn't safe" does not look true anymore.
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#757Earlier quoted context omitted.
The US appears to be trying to end the reserve dollars. Something that surprisingly few people have mentioned recently is that having the biggest trade deficit is the same thing as being the global reserve currency . Because they're the same thing, ending one of them also ends the other. There does seem to be some sort of cycle in play: first a slave-driver-type economy creates a whole lot of wealth, then people get…
> Something that surprisingly few people have mentioned recently is that having the biggest trade deficit is the same thing as being the global reserve currency. Can you explain this a little more? Why does having a trade deficit make your currency more valuable? My naive assumption is it would put more dollars in other countries, so they don't need them as much, making dollars less valuable.
Having the global reserve currency is another way of saying other countries have a lot of your currency.
Having a huge trade deficit is another way of saying you've sent a lot of your currency to other countries and haven't received it back yet.
I'm sure you can see how those are the same thing.
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#758Earlier quoted context omitted.
Take this to the logic absurdity, you have a car you previously sold for $2 for $1 COGS. Tomorrow COGS is $1M for the car. Could you sell it for $1M+1? No you would lose your ass because your line of credit and investments would not be able to be supported by the returns, in fact if this is your only option you would probably stop making cars altogether and invest in another business and sell your assembly line, even…
Okay I think I understand, thanks for explaining. So basically the money a business uses to produce the next tranche of goods (so to speak) normally comes not from income from sales of the last tranche, but rather from external funding sources such as loans or capital injection from investors? Is that really so common as to be universal and affect investor behavior like you suggest? Like for certain types of business…
It's going to vary business to business, but if you have to spend money now to make money later, there's always going to be some preference to make sure that if the % return later is too small the money gets reallocated to something that can offer better returns.
Whereas a business that can figure out how to be paid significantly before it delivers can run on much slimmer margins.
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#759Earlier quoted context omitted.
China is not communist in anything but name. They are an authoritarian capitalist country with social policies.
Agreed. Authoritarian is what westerners don't like. They see it as an evil. I see it as one side of a coin. The yin to a yang.
> Authoritarian is what westerners don't like. They see it as an evil.
Sadly, the recent election shows otherwise for a lot of Americans.
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#760Earlier quoted context omitted.
Trump has zero to do with previous level of US hegemony. He represents what large part of Americans are - for internal reasons that have nothing to do with geopolitics.
Americans might not know their number is up explicitly, but they can smell it. The days of US hegemony are numbered. In one way or another, people get it. Why else would they want to Make America Great Again? It is an inherent recognition of decline.
Yes and no. The MAGA revolution is internally carried by the lower class not associated with and uninterested in geopolitics. In fact they believe in exceptionalism and don't understand why they feel exploited and don't know who is doing it. However it would not be possible politically if not tolerated by the upper class who is smelling decline (of their wealth), because competition has moved into their part of the value chain, so they do two things. One, they now support protectionism to shield from competition. Two, they wish to exploit the lower class harder, so they point them outwards to avoid a physical revolution or an amicable redistribution.
If you want to explain MAGA you have to understand it's a convenient alignment of the upper class and the lower class for different reasons.