/biz/ - Business & Finance

>So how do businesses move their manufacturing to other countries or internally without increasing costs?

They don't. They'll have to pay their workers more with a competitive wage to attract employees which means a thinner profit margin for the company but a strong, vibrant, workforce down the line with more disposable income.

>>18667318
Trump said he'd bring manufacturing back to the US. He can actually do it now with the state of the world economy. Prime opportunity if he can get the right people to pass the right legislature

>>18667881
Have you ever seen a factory? There are yt chanels on how its made. 95% of work is automatic.

>>18667993

Invalid they still need blue and white collar workers to run the fucking thing and they pay more than service sector retail jobs. Industry and manufacturing created the idea of the middle class and consumerism.

>>18667881
Aren't there other countries that can take certain industries like Mexico, India and Vietnam?

Actually it has shown it doesn't matter if you manufacture in China and actually may be beneficial because they don't care about the workers, so things open quicker.

>>18667951
Will he actually do it? Could we get him to? How would that effect us financially

>>18667951
He has a golden opportunity to cement himself as arguably the most important president America has ever had by doing so, but he wont seize it.

>>18668025
For this specific event maybe but its shown us that in the event of an emergency all of our industries couldn't produce what they needed to produce.

>>18668038
For this specific event maybe but its shown us that in the event of an emergency all of our industries couldn't produce what they needed to produce

>>18668272
How do we get him to do this?

>>18667318
>So how do businesses move their manufacturing to other countries or internally without increasing costs?
automation

>>18667993
this >>18668025 is true, you still need technicians.

>>18669638
I was thinking about writing an open letter on 4chan for the glowniggers to pass along, but I know I'd be called every variation of fag imaginable.

>>18670162
If there's one thing faggots have taught me, it's that being called a fag doesn't stop you from completely subverting and redesigning a society.

>>18667318
they've been slowly doing it, even before the pandemic. SE Asia, and Mexico are big beneficiaries. China's main pull was great infrastructure and loads of very cheap labor. Their infrastructure has improved, and their labor has become more expensive. Chinese labor is way more expensive than Mexican or Vietnamese labor; and the political hassle outside of China is also less of a headache.

The pandemic will accelerate the process of de-sinofication of production; however, instead of moving all to other developing countries, the developed world will probably bring more production home and either automate or import workers.

>>18670208
I think with the huge glut of unemployed going into this, no on will really have a choice of working in a factory or not.

We could see the Great Resurgence of American made goods. I'm excited!

>>18670244
I'm less optimistic. the political incentives for Dems are to keep welfare high enough for as many voters to remain unemployed as possible. I expect, for the USA, more production moved from china to Mexico, and similar amounts of latino migrant labor within the USA as the pre-pandemic levels.

>>18670292
Welfare is going to be completely unsustainable going into this.
Dem'sll need to rotate their ideology or be replaced by another party that can adapt to the economic climate.
And Republicans can no longer sustain constant gibs to companies while the average american is destitute and fighting to eat.

It'd be best if both parties faded into the ether and we approached the future without any political bias besides a focus on making things better. This could be the rise the independent party.

probably not with this election, but one can hope.

>>18670162
Yes but with so few employees you should be able to keep costs down

>>18670162
Do it and we can send it out to the politicians

>>18670350
How would they do that?

Whatever we do i hope it fucks China

neo-liberalism, globalism, and comparative advantages were a mistake

>>18671571
then again, a model of domestic labor failed in 1929.

>>18667881

Spot on. And this the contradiction inherent to the progression of capitalism. Either workers come to be be paid a prosperous living wage that reflects the actual amount of value they produce for the company, or they are entirely replaced by machines. In both cases the profits thin out to almost nothing. In the former, the worker is paid exactly what they produce for the company or only for their necessary labor time, and in the latter, automation seems like a boon but you cannot exploit a machine like you can a laborer--- all its value depreciates with each moment of productive use. You could run a robot around the clock and it will just wear out faster.

Manufacturing will never return to America because no one wants to buy an iPhone for how much it would cost when you pay the workers who make it a living wage. But also no one in the first world should have to work manufacturing and it should all be automated. No human could find existential fulfillment in a job where they repeat the same technical task thousands of times a day for 50 years til they retire or die. Automate manufacturing, make all goods cost next to nothing so you barely have to work unless you want to, and free up humans to work in creative fields.

>>18667318
Oh really? when intelligent people said that 20 years ago you called us racist idiots

>>18667318
There are only 3 choices:
1) Automation
2) Onshoring manufacturing back to the home country when fully automated.
3) Manufacture products in another country (Vietnam, Mexico, Thailand).
4) However.... it's hard to compete against Chinese manufacturing <- a place where there are no human rights or unions. Americans want cheap iphones... that's how they get cheap iphones (e.g. slave labor).

>>18670208
What good ideas you got for exposure to those markets?

>So how do businesses move their manufacturing to other countries or internally without increasing costs?
>without increasing costs
Costs will increase the second you choose not to go with the lowest bidder for every single fiscal or industrial decision made by the company. This is an objective fact backed by the most basic logic one can conceive of. So rather than going to the second lowest bidder, bring the workforce back home and stop offshoring so you can make slightly more shekels than usual at the expense of the common American.

>B-BUT MUH AUTOMATION IN THE STATES!!!
If it was going to happen, it would have happened anyways.

>>18668272
>arguably the most important president America has ever had
Donald 'drink bleach' Trump? - nah.
I agree entirely, the opportunity is certainly there. But Trumps just concerned with getting his own hotels and shit back in the black. American Manufacturing interests him for precisely as long as it takes to make an empty election promise

If only you could manufacture things you need within your own country using your own resources and labour. its a shame thats literally impossible.

>>18672293
this

>>18671758
post scarcity ftw

major economic changes have been based around productivity increases, from the agricultural revolution, to the industrial revolution, to the information revolution, to the next revolution which will be from machine learning and automation. wealth will increase dramatically for everyone

>>18672293

>>18673663

>>18673726

>>18667318
they move to Mexico, SEA and back to developing countries

>>18670244
rn the US is in a faster reindustrialisation than in ww2. it looks different less illiterate peasants and more robots. it's cheaper to make things in us/Canada than in china once you factor in development cost (not zero). NA, on the whole, has *best*(SEA is if can access capital and a large end market) economic outlook in the 21st century.

>>18673742

>>18673663
it's there to stop blood poisoning you retard. you get more formaldehyde in a Tin of tuna

>>18673780
>>18673782

>>18670162
Do it fag, I’ll spam that shit until they ban me

>>18673782
don't bother, convincing an autist that they're a brainlet is only guaranteed to reinforce their brainlet beliefs

>>18673793
kek

>>18673764
btw this has nothing to do with trump. its a demographic and technological driven shift. china had a self-imposed baby bust 30 years ago so they are running out 30-year olds

>>18671758
I don’t necessarily disagree with your argument but a $1000 iPhone costs apple $200 to make. Even if labour costs increased to make the total cost say $500, that’s still an insane margin. Also, most people are absolute fuckwits and giving them free time will just mean they’ll get drunk and watch tv.

>>18673811

>>18667318
They don't. That would entail massive capital investment just to create products that can't compete in terms of price.

>>18668212
He will only do it if they can ensure white birth rates can never come close to a majority again.