Author | Message |
Gordon Lowe
Send message Joined: 5 Nov 00 Posts: 12094 Credit: 6,317,865 RAC: 0
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The U.S. stock market seems to have really endorsed Trump.
How do you think Trump's presidency is going to affect the global economy in the long run?
The mind is a weird and mysterious place
ID: 1848259 · |
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Gary Charpentier Volunteer tester
Send message Joined: 25 Dec 00 Posts: 30673 Credit: 53,134,872 RAC: 32
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The U.S. stock market seems to have really endorsed Trump.
How do you think Trump's presidency is going to affect the global economy in the long run?
Adversely.
ID: 1848268 · |
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Gordon Lowe
Send message Joined: 5 Nov 00 Posts: 12094 Credit: 6,317,865 RAC: 0
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If it means drastically lowering the standard of living of 'The West' to compete with China and Emerging Economy's. Then a Trump may be necessary to defend The People of The West.
Good point. Restricting foreign trade with taxes sounds simple enough to help U.S. businesses, but that sort of protectionism will raise prices and reduce the volume of things that people will buy. It's kind of a Catch-22.
The mind is a weird and mysterious place
ID: 1848441 · |
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Gary Charpentier Volunteer tester
Send message Joined: 25 Dec 00 Posts: 30673 Credit: 53,134,872 RAC: 32
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If it means drastically lowering the standard of living of 'The West' to compete with China and Emerging Economy's. Then a Trump may be necessary to defend The People of The West.
Good point. Restricting foreign trade with taxes sounds simple enough to help U.S. businesses, but that sort of protectionism will raise prices and reduce the volume of things that people will buy. It's kind of a Catch-22.
Considerably worse and much of the raw materials needed for those products come from China. Spark a trade war and we are f'd.
ID: 1848461 · |
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W-K 666 Volunteer tester
Send message Joined: 18 May 99 Posts: 19073 Credit: 40,757,560 RAC: 67
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If it means drastically lowering the standard of living of 'The West' to compete with China and Emerging Economy's. Then a Trump may be necessary to defend The People of The West.
Good point. Restricting foreign trade with taxes sounds simple enough to help U.S. businesses, but that sort of protectionism will raise prices and reduce the volume of things that people will buy. It's kind of a Catch-22.
Considerably worse and much of the raw materials needed for those products come from China. Spark a trade war and we are f'd.
Plus if some of the manufacturing jobs are to come back, economics will force them to be done by robots not humans, and the US is already short of skilled workforce needed to run robotic engineering. It requires a degree to get one of the shop floor jobs and a masters to supervise and manage etc. Median salary, on the shop floor, is about $50/hr. One of the reasons green cards are required. In CA it was reported ~40% of hi-tech jobs were filled by green card holders.
At the moment with production in China, Apples cost allocation for assembling an iphone is less that $5, less that 1% of retail cost.
ID: 1848465 · |
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Gary Charpentier Volunteer tester
Send message Joined: 25 Dec 00 Posts: 30673 Credit: 53,134,872 RAC: 32
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If it means drastically lowering the standard of living of 'The West' to compete with China and Emerging Economy's. Then a Trump may be necessary to defend The People of The West.
Good point. Restricting foreign trade with taxes sounds simple enough to help U.S. businesses, but that sort of protectionism will raise prices and reduce the volume of things that people will buy. It's kind of a Catch-22.
Considerably worse and much of the raw materials needed for those products come from China. Spark a trade war and we are f'd.
Plus if some of the manufacturing jobs are to come back, economics will force them to be done by robots not humans, and the US is already short of skilled workforce needed to run robotic engineering. It requires a degree to get one of the shop floor jobs and a masters to supervise and manage etc. Median salary, on the shop floor, is about $50/hr. One of the reasons green cards are required. In CA it was reported ~40% of hi-tech jobs were filled by green card holders.
At the moment with production in China, Apples cost allocation for assembling an iphone is less that $5, less that 1% of retail cost.
That's what apple pays to assemble, not the parts and their assembly costs, correct?
ID: 1848471 · |
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W-K 666 Volunteer tester
Send message Joined: 18 May 99 Posts: 19073 Credit: 40,757,560 RAC: 67
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If it means drastically lowering the standard of living of 'The West' to compete with China and Emerging Economy's. Then a Trump may be necessary to defend The People of The West.
Good point. Restricting foreign trade with taxes sounds simple enough to help U.S. businesses, but that sort of protectionism will raise prices and reduce the volume of things that people will buy. It's kind of a Catch-22.
Considerably worse and much of the raw materials needed for those products come from China. Spark a trade war and we are f'd.
Plus if some of the manufacturing jobs are to come back, economics will force them to be done by robots not humans, and the US is already short of skilled workforce needed to run robotic engineering. It requires a degree to get one of the shop floor jobs and a masters to supervise and manage etc. Median salary, on the shop floor, is about $50/hr. One of the reasons green cards are required. In CA it was reported ~40% of hi-tech jobs were filled by green card holders.
At the moment with production in China, Apples cost allocation for assembling an iphone is less that $5, less that 1% of retail cost.
That's what apple pays to assemble, not the parts and their assembly costs, correct?
Yes.
But is not a straight forward job. Some parts are glued in with insulating adhesives which has then to be cured, then other parts are glued in with heat conducting adhesive then cured only at the last stage are the pcb etc inserted and connected up. Before the rear cover is mated.
ID: 1848476 · |
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