The consequences of cost reduction
#16
Re: The consequences of cost reduction
I dunno - quite Avante Garde for building a building to look like its on its side don't you think?? Clever Trevors, the lot of them.
I wonder what the interior is like.
I wonder what the interior is like.
#19
Heading for Poppyland
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 14,547
Re: The consequences of cost reduction
Check this out : http://zurcapital.blogspot.com/2010/...em-as-sua.html
#20
Account Closed
Joined: Mar 2004
Posts: 2
Re: The consequences of cost reduction
My Steamworks beer has arrived, just in time.
#21
Re: The consequences of cost reduction
Do you think the average American shopper gives a shit about this?
http://news.sky.com/skynews/Home/Bus...15642178?f=rss
It sickens me.
#22
Lost in BE Cyberspace
Joined: Jan 2008
Posts: 41,518
Re: The consequences of cost reduction
Why not? We're the chief consumers of Chinese-made goods, and we buy them because they ARE cheap. Without us, the Chinese would be hungrier, possibly, but they wouldn't be in such harsh working conditions.
Do you think the average American shopper gives a shit about this?
http://news.sky.com/skynews/Home/Bus...15642178?f=rss
It sickens me.
Do you think the average American shopper gives a shit about this?
http://news.sky.com/skynews/Home/Bus...15642178?f=rss
It sickens me.
#23
Re: The consequences of cost reduction
Why not? We're the chief consumers of Chinese-made goods, and we buy them because they ARE cheap. Without us, the Chinese would be hungrier, possibly, but they wouldn't be in such harsh working conditions.
Do you think the average American shopper gives a shit about this?
http://news.sky.com/skynews/Home/Bus...15642178?f=rss
It sickens me.
Do you think the average American shopper gives a shit about this?
http://news.sky.com/skynews/Home/Bus...15642178?f=rss
It sickens me.
Oh and I buy English made too...have to support the home economy...
The rest of it is economics..and yes we are all responsible for that..
#24
Re: The consequences of cost reduction
Why not? We're the chief consumers of Chinese-made goods, and we buy them because they ARE cheap. Without us, the Chinese would be hungrier, possibly, but they wouldn't be in such harsh working conditions.
Do you think the average American shopper gives a shit about this?
http://news.sky.com/skynews/Home/Bus...15642178?f=rss
It sickens me.
Do you think the average American shopper gives a shit about this?
http://news.sky.com/skynews/Home/Bus...15642178?f=rss
It sickens me.
I think a bold approach to this would be to tax imports from foreign companies based on their compliance with US standards - but I can't imagine how one would implement such a strategy in a practical manner.
#25
Re: The consequences of cost reduction
I'd for all for it, but it isn't going to happen so long as China keeps buying up our debt.
#28
Re: The consequences of cost reduction
+1!
So ... mind idly thinking about this ... cost of living in US = x; cost of living in China = y. Thus, equivalent minimum wage in China 'should be' (US minimum wage * y / x ). Assuming 'm' percent of a product's cost is labor, modified cost of Chinese product = (original cost * m ) * ... <ok, it's late and I can't be bothered to carry this on right now, but you get the idea ... > .... Then factor in a 'pollution' penalty since China does not have to comply with costly pollution restrictions, and a 'morality' penalty for employing child labor, and maybe a few other factors. I wonder just how much cheaper your Fisher-Price toy would be then?
So ... mind idly thinking about this ... cost of living in US = x; cost of living in China = y. Thus, equivalent minimum wage in China 'should be' (US minimum wage * y / x ). Assuming 'm' percent of a product's cost is labor, modified cost of Chinese product = (original cost * m ) * ... <ok, it's late and I can't be bothered to carry this on right now, but you get the idea ... > .... Then factor in a 'pollution' penalty since China does not have to comply with costly pollution restrictions, and a 'morality' penalty for employing child labor, and maybe a few other factors. I wonder just how much cheaper your Fisher-Price toy would be then?
#29
Re: The consequences of cost reduction
I think the answer is that the West could do with fewer Fisher-Price toys and the East with more food and shelter. This is not something that corporations and governments are going to solve - what is in it for them? This is something individuals must do on their own. I mean, hasn't everyone heard of garage sales? where you can buy older toys that last longer than the new shite? I fear that the younger generations are too far gone with electronica and immediate gratification so that simple toys and books are no longer enough.