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"This Ohio factory thought it could bring U.S. jobs back from China. Then Trump got involved."
So, the guy invests in equipment, productivity and capability and can even meet Chinese pricing....and profit! But he loses this (and will lost other) contracts due to tariffs.
It's basic common sense - but the POTUS doesn't have that.
For those unfamiliar with a complex industrialized and "knowledge based" economy, here's an example:
The Labor in an iPhone is $7. Total materials less than $200, which are sourced at very low profit margins from all over the world (including the US - Corning Glass for one).....
However, when I buy an $800 iphone, $600 of that is US based profits and money.....and much more then results from my use (cell networks, apps, accessories, etc.). Over the life of that phone, the total economic activity is probably $2000 or so...mostly to US corps and even "little shops" for apps and repairs, etc.
So, which would you rather have in the USA? The $7 labor or the thousands in profits from the sales, service, apps, cell networks, repairs, accessories, etc.????
It would seem the answer is obvious. Yet, Trumpies must not understand this. To their credit, the economists and most of the Republican and Democratic parties DO.
lmao..It's only $7 labor because they are being made in sweatshops. It seems you don't understand a few things as well. You should be mad at Apple for paying so little for manufacturing while capturing 2/3 of the price in profit. If they weren't so "greedy" Leftist term here, they could pay a decent wage for manufacturing it here in the US and everyone wins.
lmao..It's only $7 labor because they are being made in sweatshops. It seems you don't understand a few things as well. You should be mad at Apple for paying so little for manufacturing while capturing 2/3 of the price in profit. If they weren't so "greedy" Leftist term here, they could pay a decent wage for manufacturing it here in the US and everyone wins.
Suddenly you're for labor costs going up for the hollow victory of bringing back manufacturing jobs. But when the Left says we should increase labor costs to raise the minimum wage, you're singing a different tune.
lmao..It's only $7 labor because they are being made in sweatshops. It seems you don't understand a few things as well. You should be mad at Apple for paying so little for manufacturing while capturing 2/3 of the price in profit. If they weren't so "greedy" Leftist term here, they could pay a decent wage for manufacturing it here in the US and everyone wins.
Made in sweatshops? LOL. You have no idea whats involved in building one of these. I do. VERY little actual human labor is involved. Someone spends less then a minute touching on of these devices. The vast majority of the "labor" costs are high tech labor dealing with QA and testing of the devices. Making sure the reflow machines profile is not deviating for example.
I know you are thinking about all those pictures of folks working the lines. And they exist...but they spend VERY little time on any one phone.
With a new General Motors order for SUV parts, business is good — for now. This year, Adler added eight workers and spent $1.3 million on new factory equipment.
Suddenly you're for labor costs going up for the hollow victory of bringing back manufacturing jobs. But when the Left says we should increase labor costs to raise the minimum wage, you're singing a different tune.
I'm not talking about flipping a burger or waiting for the fryer to beep on a $6 meal. I'm talking about manufacturing a technical device that costs 1k. Good grief.
US industry is getting killed by tariffs. Thor Industries, makers of many US made and sold RVs said today that the steel and aluminum tariffs are driving up their costs uncontrollably. Uncharacteristically, they said materials not labor was the challenge they were facing thanks to trump's tariffs. Their stock plummeted 8% on the news.
Made in sweatshops? LOL. You have no idea whats involved in building one of these. I do. VERY little actual human labor is involved. Someone spends less then a minute touching on of these devices. The vast majority of the "labor" costs are high tech labor dealing with QA and testing of the devices. Making sure the reflow machines profile is not deviating for example.
I know you are thinking about all those pictures of folks working the lines. And they exist...but they spend VERY little time on any one phone.
It's still worth WAYYYY more than $7. You agree with 2/3 of the price going to profit?
US industry is getting killed by tariffs. Thor Industries, makers of many US made and sold RVs said today that the steel and aluminum tariffs are driving up their costs uncontrollably. Uncharacteristically, they said materials not labor was the challenge they were facing thanks to trump's tariffs. Their stock plummeted 8% on the news.
Good, they should be buying American instead of Chinese garbage. Not too long ago you LeftNuts were whining incessantly about Walmart stocking up on Chinese junk and how it hurts American made products, now you flipped 180 degrees and favor Chinese junk. Unbelievable.
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