Sources: ASUSTek, HTC, Hon Hai
quote: Without workers who create demand who's going to be in a position to buy anything in China? Their middle class may disappear even before they establish themselves. Is that what US corporations were expecting of a future Chinese market?Henry Ford was the first to pay his workers $5/day and greatly benefited from the move. One thing it did, it allowed his employees to buy his cars.
quote: If you're arguing against automation, that's nonsense
quote: Society in China will adapt just like it has in its foreign peers -- the occupations will shift.
quote: It's just that society overall has to do less backbreaking work.
quote: But arguing against it is attempting to preserve short term gains at the cost of long-term prosperity
quote: I addressed supply and demand, automation was not on the table.
quote: Shift offers 2 directions, up or down. What kind of shift are you seeing here?
quote: Now there's irony . You really missed the Henry Ford argument, didn't you? Like every conceivable aspect of it. No demand, then what?
quote: There's plenty of demand in America today.
quote: You know, Burke, I don't know which species is worse. You don't see them f@cking each other over for a goddamn percentage.
quote: Your demand commentary is unfounded alarmist commentary, imho
quote: America, which is currently roughly a third of the size of China, has already gone through the somewhat painful transition of being a human manufacturing giant to an engineering and design giant. Japan, Europe, and South Korea have all seen similar transformations.
quote: The U.S. is on a downward spiral at this point and it remains to be seen how far down it will go before we correct it, or implode.
quote: if the U.S. had gone full speed ahead with automation during the 1980s and 1990s, a lot of the manufacturing which has been shipped to China would have stayed here.
quote: Meanwhile we in the U.S. look on forlornly wondering what might have been had we not decided that jobs were more important than improved efficiency. If you pass up an easy efficiency improvement in order to protect something else (be it jobs, profit, or whatever), your decreased competitiveness opens the door to someone else swooping in and stealing away your business.
quote: Marketing is driven by the board & Wall St., who only think of the bottom line.
quote: Marketing is driven by the board & Wall St., who only think of the sort term bottom line.