Another factor they left out or withheld is profits tied to labor costs. The stockholders want their profit gains and CEOs want their insane pay and bonuses.
@TwiztedMannix87
Жыл бұрын
This, plus they don't want to admit that publicly traded companies won't allow this. This only works with private companies because it keeps the money within itself and doesn't give out to shareholders every quarter. Wall street is also speculation, news articles devalues companies not real company news and this is evident with hedgefund companies. Notice how all the ones that failed in the video are publicly traded.
@walterwang2011
Жыл бұрын
Iphone sells 200 million phones per year, Tim cooks salery is 100 million. That's 50 cents per phone. The made in USA phone in the video costs $1000 more than an iphone with probably poorer quality.
@-opus
Жыл бұрын
that is accurate, they love to market it as just higher prices for good though
@VA-gu1jq
Жыл бұрын
No they didn’t leave it out 🤦♂️ What you think you stumbled upon here….was almost the entire point of the video. Lack of skilled manpower, and labor costs tied to profits. They mentioned it several times, with specific examples. What are you talking about??
@-opus
Жыл бұрын
@@VA-gu1jq You missed their point entirely. Products are often made internationally due to greed, those at the top want more profits, at any cost. The products don't necessarily have to cost much more, the profit margins just need to be reduced to allow domestic manufacture. The US minimum wage quoted in this video was roughly double the Chinese minimum wage (both ridiculously low compared to actually developed countries). Americans really need to learn how to vote properly.
@ropro9817
Жыл бұрын
Wow, that made in USA Librem 5 with its 2005 looks (720p screen and chunky af) and specs costs $2000. 🤯🤯🤯 _That_ is why we don't have manufacturing in the US.
@ShujaRafi
Жыл бұрын
It's a pure GNU Linux phone (Debian with GNOME).
@ropro9817
Жыл бұрын
@@ShujaRafi And the average user would care about this because why? 🤔
@ropro9817
Жыл бұрын
@X I'm in the tech industry and I hadn't heard of it til I saw this video. Don't get me wrong, as an engineer, I _love_ that there's a company doing this, but it's probably not sustainable if it doesn't make financial sense.
@DD-fs7pg
Жыл бұрын
@@ropro9817 And you're right, just look up the recent Purism and Librem refund scandals. Customers are not getting orders from 4-5 years ago and have not been able to get refunds, strung along and/or ignored. I would not be surprised if they're near insolvency.
@Ryan_Christopher
7 ай бұрын
It does not have 2005 specs or looks. Screen 5.7″ IPS TFT 720×1440 Memory 3GB RAM Storage 32GB eMMC Battery 4,500mAh User-Replaceable
@Victor-tl4dk
Жыл бұрын
They forgot to say that although the minimum wage is $7.25 it's long overdue for a doubling and no one is actually going to work for $7.25 in the US anymore anytime soon.
@AgonxOC
Жыл бұрын
None of these jobs are paying 7.25. The fact you bring that up shows you have not a clue about manufacturing in the US.
@JoséFerIzaparraga
Ай бұрын
Is very simple to a Chinese worker pay 1/12 of what you pay an American worker plus medical care, security, vacations and retirement 💰
@NazriBuang-w9v
Ай бұрын
Lies again? Samsung Ericsson Upload Software
@luxxy707
Ай бұрын
Bc it’s more expensive to live in US
@n7eet
Жыл бұрын
$2000 for a phone with specs of a less than $100 Android phone (Redmi 11a) shows that's it's a 20 to 1 cost of manufacturing electronics USA v China.
@k9man163
Жыл бұрын
That's what i was thinking.
@gkheng
Жыл бұрын
so it's time US to subsidy $1900 for a phone purchase from the Purism
@k9man163
Жыл бұрын
@@gkheng ha. I like that one.
@Saurabh-255
Жыл бұрын
Purism phone has lower standard than lava in India.
@rip_peanut10
Жыл бұрын
is it not 400usd?
@Kylelongwest
Жыл бұрын
people in the US don't even want to sell burger at McDonald , i can't imagine them sit at factories assembling phones
@oguzkaanklc2014
Ай бұрын
😂😂😂😂😂 yesss
@jrgonzales2024
Ай бұрын
Big US companies moved their factories in Asia to reduce labor cost and increase profits. It's a fact! It's not issues on skills.
@Lena-vw6ye
Жыл бұрын
Thank you CNBC. I sourced many of my products from the Canton Fair, Shenzhen Technology fair, and Hong Kong Technology Fair from China. I've been all across China, and plan on visiting Xinjiang and Tibet these coming years with covid lockdowns are relieved. While at that, I've been to Thailand, Vietnam and India's Trade/manufacturing shows. One thing that I found very special about China was their manufacturing infrastructure, no matter what you needed, a neighboring factory company could supply the piece or the expertise. When I went to India, Vietnam and Thailand in 2019, I found that TWS earphones and other daily manufactured goods were not available or the manufacturing standard was not up to par. They were specialized in very low level manufacturing of goods that just were not competitive in North America's markets. China doesn't have the lowest labor cost, they have the best expertise, and the amount of infrastructure is astonishing to make sure you can create everything all within China. The critics truly don't understand the landscape of manufacturing and how complex the chain can be when they're just looking at simple diagrams. Corporate knowledge.
@vivekanandan5093
Жыл бұрын
We are stepping up our technology constraints and developing the infrastructure for high end tech gadgets to be made in India. We have now Swadeshi (indigenous) 5G. iphones have been assembled here, maybe in near future manufactured, also Samsung has established world's largest factory in India. Everything is about to change as now we are heading towards Semiconductor manufacturing ❣️🇮🇳
@ST-jy7qm
Жыл бұрын
Wise knowledge and observation, but since the geopolitics has been changing the global landscape, our observations can no longer be permanent.
@SolomonSunder
Жыл бұрын
@@vivekanandan5093 I am really doubtful how helpful it would be in the overall picture. India is way too focused on phone manufacturing alone. I did my Masters in Embededed Systems in the UK and when I came back to India, I was surprised that some the basic components for robotic movements like servo motors with medium precision simply have no manufacturers in India. These motors cost just 10 GBP for a packet of 6. However, in India, you could not import them due to customs etc. I just gave up and went back to my old job. Personally, I think India should make it easier for Chinese nationals to come to India and ask China for a youth exchange programme for Indian nationals to work in China. My relative chose China for post doctorate over Canada, Germany and Australia because you can create prototypes way faster in China. Youth exchange programmes create more exchange of ideas and technology than any official technology transfer agreements.
@prashanthb6521
Жыл бұрын
The most accurate comment of all !
@prashanthb6521
Жыл бұрын
@@vivekanandan5093 China has finished Post-Doc and is now designing syllabus whereas India is just now getting admission into nursery ! Keep thumping your pseudo nationalistic chest if you are a fan of this govt. I built my home office datacenter, I had to import so many things. Forget manufacturing, the baniyas & marwadis selling here dont even stock any important stuff. They are all short term profit oriented.
@forbeginnersandbeyond6089
Жыл бұрын
I worked and managed manufacturing electronics and semiconductors for 30 years. I’ve visited China on manufacturing activities multiple times. I became management and can see the financial statements. In the 1990’s and early 2000’s, labor cost in Asia was the driver. This drove supply chain to go to Asia, even the most complex manufacturing and less labor intensive like chip manufacturing. So in 2000’s it’s supply chain as driver. In the end, it’s profit margin that is driving the companies to manufacture in Asia, particularly China. The US and Europe have given up even their low labor intensive manufacturing capability (chip foundries) and even design capability (engineers are cheaper in Asia). They could still make a profit by manufacturing in the US, but that profit may be only 10% compared to 30% if made in Asia (mostly China). So the root cause is profit MARGIN, not profit.
@lordlee6473
Жыл бұрын
Entire supply chain for a vertical is located in one area in China, which makes the manufacturing process super efficient. US or Europe have nothing like that, not even close. That’s why the overall cost is cheaper in China, not the labor cost. Chinese labor’s ain’t cheap at all.
@forbeginnersandbeyond6089
Жыл бұрын
@@lordlee6473 You misunderstand what I’m saying.
@tooltalk
Жыл бұрын
@@lordlee6473 Not sure what you mean. Most of Apple iPhone's important components, eg, AP, display, memory/storage, camera sensors, etc, are all made outside China; then imported and brought to China for assembly. China's contribution to Apple iPhone's BOM for instance accounts for less than 10% -- that's not "entire supply-chain." Apple = Make China Great Again.
@jeffruebens8355
Жыл бұрын
@@tooltalk Intel is building a new chip factory near Columbus Ohio, maybe it will change things for where the rest are made or assembled. Also higher fuel prices. It would change faster if Canada was not the only area with universal health insurance, and Mexico allows severe air and water pollution from a factory.
@rond5936
Жыл бұрын
It's just that China has more graduates in Science Technology Engineering & Mathematics STEM than USA. US prefers to train more climate Activists and Women's Rights advocates, whiles China trains more Engineers and Scientists.
@stevensmiddlemass2072
Жыл бұрын
America as we know it is finished. All indications point to 2023 being a year of severe economic pain across the country. Put that money to work right away to make it grow. I knew I had to make an investment. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $600,000 since 2020.
@KingDavid-jj7tk
Жыл бұрын
Congrats. The true financial unlock comes when you understand and know the technique required to manage your investment's overall risk profile and avoid permanent capital loss. It is critical to have a strategy in place to capitalize on profits when they occur.
@biankabrodeur01
Жыл бұрын
@Patricia Martin Exclusive information and data pathways that are not accessible to the general public are available to fiduciary-counselors. At the instruction of my Fiduciary-counselor "STACIE KRISTAL WEBER," I made over $560k between Q3 and Q4 of 2022. I anticipate more.
@ConradGosling
Жыл бұрын
@@biankabrodeur01 How can I get in touch with Stacie? What are her offerings? Is she verifiable? Do you believe she can assist me? I am from Canada.
@biankabrodeur01
Жыл бұрын
@@ConradGosling you can look up her full name online and do your own research it should be a breeze finding her as she has an online presence
@RayMak
Жыл бұрын
It's really too costly for everything in America. I remember when I was traveling to US right before the pandemic. I had to spend USD 60 for a 1gb internet sim card, slow speed and unshareable hotspot too, and I had to sign some weird documents. The same year I was in Laos, so called 3rd world by US, internet was high speed, cost 1/10th the price, unlimited internet, shareable, no document.
@Saurabh-255
Жыл бұрын
Hahaha 😆 Ray you have to visit India someday high speed internet is almost free here and India has indigenously made 5G India is also world cheapest internet provider and you love UPI Ecosystem.
@ziggyai
Жыл бұрын
Why are u everywhere lol
@annaicamillatheresa7275
Жыл бұрын
@@ziggyai he is paid by KZitem for comments
@jacksableng4775
Жыл бұрын
1Gb is 10-50 cent in Indonesia for 4G network😂 whew
@junokyael
Жыл бұрын
@@annaicamillatheresa7275 nice conspiracy theory
@FinancialShinanigan
Жыл бұрын
Expensive phones would be more expensive if Made In USA
@joejacko1587
Жыл бұрын
by about $50 to $70 the markup is so high on them it wouldn't make much of a dent the problem is the supply lines are no longer setup for here
@tooltalk
Жыл бұрын
considering Apple's margin, it wouldn't make any difference. China's contribution to each iPhone is only about $10 -- you triple that, we are talking $20+ more per phone. Apple buys their phones from Foxconn wholesale at < $300 and flips for $800-$1,000. They could tolerate $20-$30 without going bankrupt, no problem. Apple = Make China Great Again.
@TheBooban
Жыл бұрын
@@joejacko1587 you think China had supply lines back in the 80’s? Or Vietnam? They had nothing but dirt. American political stupidity gave them those supply lines. And they can move anywhere.
@joejacko1587
Жыл бұрын
@@TheBooban yes MR make America great again opened China Ronald Reagan however companies in Korea and Japan gave them those when China started buying from them now adays everything has a computer chip back in the 80's it wasn't so the manufacturing of them didn't exist on a scale like it does today
@danielch6662
Жыл бұрын
@@joejacko1587 you're expecting that if costs goes up $50-$70, then selling price would go up $50-$70? Anybody who's more than 12 would know from their own experience that this is not realistic. If the $50-$70 is 50% of the costs, then you can expect the selling price to go up by 50% as well. In a product with a high margin, this 50% would be a lot more than $50-$70.
@erianpena2908
Жыл бұрын
Is important to add that: Most components on smartphones are not produced in the US because there is just not enough know-how on hardware manufacturing development, while Asian markets are better integrated. Samsung and LG are in Korea, they have a huge experience on electronics manufacturing and they’re also part of the supply chain. Foxxcon on Taiwan basically dominates the chip supply chain because American hardware developers like intel cannot compete anymore (they are stuck on 11nm chips while Samsung and Foxxcon are manufacturing 5nm chips which are more powerful and efficient). Even China has more competitive private companies manufacturing 7nm chips. And while Asia keeps developing itself and transforms into a high income region, the amount of electronic consumers increases as well and it just makes sense for international tech companies to manufacture close to their new economic epicenter.
@capmidnite
Жыл бұрын
Young people in the West don't want to do tedious manufacturing work. Even Samsung phone factories in South Korea have to use labor imported from Southeast countries. South Korea in fact uses imported labor in industries such as shipbuilding, fisheries and farms. The South Koreans involved in such work are either supervisors or middle aged. Young South Koreans would rather be unemployed than do such work.
@Cyberbronco
Жыл бұрын
Sounds familiar!
@mikerichardson60
Жыл бұрын
Don't know where you gather such an opinion. Watched a piece on Samsung and a job there is highly coveted amongst native South Koreans. Thousands apply annually hoping to be among the small minority to be hired.
@capmidnite
Жыл бұрын
@@mikerichardson60 Read my initial post carefully. The highly coveted Samsung jobs you hear about are white collar positions in marketing, management and engineering that require a university degree. Same for other Korean companies such as LG or Hyundai. The factory jobs are a different category. The senior blue collar positions are stable and pay well, but the entry-level jobs are increasingly being sub-contracted out as temporary positions with no job security. Young Koreans do NOT want to do such work.
@parthapratimghose173
Жыл бұрын
@@mikerichardson60 duh that's not for Labour jobs
@alanbejarano4940
Жыл бұрын
I work for a Taiwanese electronical manufacturing company here in Mexico, and I can pretty much confirm this is not a "skill" issue for any matter; it has always been labor cost. There are companies that even employ some other Asian region workers like Phillipines. They are offered shelter and food inside the manufacturing site, so they can easily stay 24 hrs available for any overtime event. People should really stop drinking the "lack of skill in the West" kool aid.
@tooltalk
Жыл бұрын
That's what Tim Apple and co. wants everyone to believe., so we can't critize Apple's wholesale outsourcing plan.
@AshtonCoolman
Жыл бұрын
An American man working at a factory used to be enough to buy a house and raise a family on that single income. Nowadays a husband and wife both working better paying jobs can barely afford to make ends meet, let alone with children.
@codelessunlimited7701
Жыл бұрын
You need to thank you the cheap USD dollar money that's being exported around the world.
@Keepskatin
Жыл бұрын
@n?a Lies, from a privileged perspective.
@DanielPennybaker
Жыл бұрын
@n?a Name me a low skilled factory job that pays me 70k a year.
@bobjohnson6946
Жыл бұрын
Its that Capitalism you all brag about. Go get a useful degree or trade. The days of being brain dead and surviving are over.
@Yandel21ableify
Жыл бұрын
Trickle down economics never worked in America
@nickl5658
Жыл бұрын
Because the smartest people in China become engineers and scientist. While the smartest people in the US become financial analyst on wall street.
@ya00007
Жыл бұрын
If Tim cook announced that apple is going to manufacture in the US, the stock price would plummet and he'd have to resign.
@ya00007
Жыл бұрын
@@larry6601 I didn't know this. Please provide the links/evidence. I find it bizzare that any company would do this.
@REAL-UNKNOWN-SHINOBI
Жыл бұрын
@@larry6601 AKA source is... Trust me bro
@rocketomega11
Жыл бұрын
@@larry6601 then take out China battery and TSMC and Sony, the only component left that is made in America is the Apple logo.
@tooltalk
Жыл бұрын
These are key technical, high-value suppliers in smartphones (in the order of importance/value): - AP: Qualcomm (US), Apple (US), Mediatek (Taiwan, mid-range phones) - cell/radio chips: Qualcomm (US), Mediatek (Taiwan) - displays: Samsung (South Korea), LG (South Korea), BOE (China, < 10%) - memory/NAND storage: Samsung (South Korea), SK Hynix (South Korea), Micron (US) - camera sensors: Sony (Japan), Samsung (South Korea) - batteries: CATL (China), LG (South Korea), Samsung (South Korea) - glass: Corning (US) * top US Apple, Qualcomm chip makers are fabless: no manufacturing; just IC designing. * TSMC is a pure-foundry; Samsung is both custom foundry, IDM (they make chips they design): fabless chip makers use them for "manufacturing." * Micron is the only US semi company that "manufactures" smartphone components in the US. * China's main contribution is in labor (assembly/packaging/testing), screws/rubber seals and other low-vaue, low-tech components. * China manufactures less than 15% of chips produced globally; in 2021, it imported to the tune of $400B worth of chips. * When Tim Apple defends Apple's indefensible oversea outsourcing, Tim Apple claims the "whole supply-chain is in China" -- he's talking about the low-value, low-tech supply-chain which accounts for less than 10% of their BOM -- ie, he's full of BS. * Contrary to Tim Apple's "highly skilled" Chinese labor claim, the average age of Foxconn workers putting together iPhones is only 23 -- most of them are very young, unskilled, cheap laborers from rural China. * Apple has been aggressively investing in China and, if Tim Apple gets his way, China could, one day, make most high-value, high-tech components.
@EmmaNguyen-mg5xq
Жыл бұрын
@@tooltalk 👎👎👎👎👎
@BSPBuilder
Жыл бұрын
If US customers are OK with $4000 iPhone mini, then US can bring back phone manufacturing.
@carpet8991
Жыл бұрын
I want mine from China 😂😅
@KNByam
Жыл бұрын
What about the carribbean or south America.
@whctjsdlfqhrlfprl
Жыл бұрын
@@KNByam their work ethic is horrible
@businessmike2371
Жыл бұрын
@@KNByam QC would be terrible outsourcing to other regions with no dedication to the production principles for technical products. Asia specializes in the business principles to give reasons for outsourcing and investors prefer this.
@VerryJerry90
Жыл бұрын
its only $4000 because they still wanna keep the profit margin they like making in Asia versus the levels they would get in North America
@papastalin1543
Жыл бұрын
No developed country can compete cheap developing countries when it comes to manufacturing
@PHlophe
Жыл бұрын
Yes we can. for starter if the device costs twice as much to produce in these shores then why not produce a piece that lasts 3 years instead of producing devices that have to be replaced 11 months later when the newer mobile phones comes out. what we are doing is exploiting cheaper labor overseas
@papastalin1543
Жыл бұрын
@@PHlophe nah an apple or samsung phone which easily last 4 years are also manufactured in countries like China and India . So it won't make a difference you will lose with twice the price
@tooltalk
Жыл бұрын
depends on what kind of manufacturing.. Nobody wants to bring back low-value, low-tech supply-chain (ie, assembly/testing/packaging jobs) back to the US.
@hameedkhan9343
Жыл бұрын
Because developed countries use developing countries as slaves for manufacturing products for them on cheap rates.
@meffendy27
Жыл бұрын
@@PHlophe good question. why arent people buying a more expensive but more durable goods? i still dont understand? any idea?
@youcube2207
Жыл бұрын
Labor cost in America is ridiculously high compared to China or other industrious developing countries, your Iphone could cost as high as 5000 dollars per unit if it is manufactured in the US.
@maxpro751
Жыл бұрын
@@larry6601 Tell me how America does better than China in automation? These multi billion dollar businesses of course have automation to make all of these units so your completely wrong on your part. Elon Musk built a Tesla automated plant in China and tell me how Americas automation plant is better? Your completely a fool for thinking America is better at everything.
@dongningprc
Жыл бұрын
US labor doesn't work, face it.
@JaceFalcon
Жыл бұрын
Based on what data
@rocketomega11
Жыл бұрын
Chinese population over 50 year of age are mostly uneducated. However, younger Chinese population is very well educated. China produces 8x more engineers than the US every year. US used to be the world magnet for talents. Going back 20 years ago, 80% of Chinese PHD students stayed and worked in the US. Now less than 20% is doing that. China is #1 is intellectual property now and the US is #2. China research fund is $550 billion a year while the US is $610 billion a year, only slightly more. US promote people based on their race, gender not merit. In the US, if you are black women, you will get a special treatment and promotion. US High labor cost, high environmental cost, high litigation cost + social politic make America uncompetitive in manufacturing and will never be able to compete with China.
@rocketomega11
Жыл бұрын
@@larry6601 China: 7.2% of workforce committed to agriculture. I fixed for you with real fact.
@Starship007
Жыл бұрын
I remembered a few years ago BYD wanted to make electric cars. They hired 10,000 engineers and they lived across the street from the factory. Now BYD is the one of the largest EV companies in the world. Even Warren Buffett is involved
@scienceisreligion5618
Жыл бұрын
Warren buffet is exiting BYD fyi.
@tooltalk
Жыл бұрын
Buffet started investingin BYD eons ago, but is now gradually pulling out as the gepolitical tension increases. Let's not forget however what China did to protect BYD, CATL and other domestic companies from foreign competition in typical Chinese protectionism. I personally think the Korean battery giants, LG Chem, SK Innovation, and Sasmung SDI, would have swept the Chinese market back in 2015 and on without the Chinese gov't very willful efforts to block their licenses/subsidies.
@QuietJugung
Жыл бұрын
@@tooltalk BYD and CATL battery technology are superior to LG, SK and Panasonic.
@tooltalk
Жыл бұрын
@@QuietJugung : LFP batteries are not superior -- they are cheaper than NMC, NM+ other batteries dominated by the SK makers. That's why Tesla's non-performant vehicles use LFP whereas high-end models use NM+.
@QuietJugung
Жыл бұрын
@@tooltalk LG battery self ignite in GM Bolt EV and had to be recalled. Another car make with LG battery is having the same problem. LG sued SK for IP theft. BYD and CATL also have other chemistries besides LFP. BYD blade battery is best form factor and is a production structural pack. NIO have hybrid battery (LFP and NCM).
@nova8585
Жыл бұрын
There are a lot of people in the US who don't want to get a secondary education and would prefer to just go into work, do something repetitive, and go home. I'm talking call center workers, cashiers, etc. I wonder what their sentiment would be for working in a smartphone factory instead of those other jobs since they won't have to deal with rude customers. There could be a bigger demand for these types of jobs than people think.
@FourthWayRanch
Жыл бұрын
They don't talk about environmental regulations, companies can dump waste right in the river in countries like this, it's much more than wages.
@TheBooban
Жыл бұрын
These factory jobs are sht. Look at Foxxconn work conditions. The only way to manufacture in USA is by raising tariffs.
@fatcrruise6508
Жыл бұрын
The cost of educations are expensive
@LouisSubearth
Жыл бұрын
@Embeded Fabrication assembling smartphones doesn't represent major environmental damage. Chip making, maybe, but a new chip factory would have a state of the art water filtration system to avoid polluting water bodies.
@crp5591
Жыл бұрын
It's not that people don't want to get a secondary education, it's that most CAN'T AFFORD it. For the US to increase worker capabilities long term, it would require significant investment in education access.
@stargazeronesixseven
Жыл бұрын
Vietnam , Thailand , India & Indonesia are other Good Options in Asia to manufacture & assemble products to reduce Supply-Chain interruption due to Global Pandemic or Political Stand-off! ...
@Jason-kg3oc
Жыл бұрын
I’m surprised it wasn’t mentioned that phones were manufactured in the US by Western Electric for the Bell System for nearly a century. These were good union jobs and it all went away after deregulation and the migration to cell phones.
@mikemoscato2995
Жыл бұрын
I.t.t. also manufactured phones plus several other smaller manufacturers
@bryannonya9769
Жыл бұрын
The story is about how the us was left behind, not about the history of phone, the titles of things usually give away the ending.
@fitybux4664
Жыл бұрын
Innovation by those companies was too slow.
@k53847
Жыл бұрын
It's more complex than that. I knew a guy who was an early Compaq employee and he told me that when they sourced parts from Asia they came with strings, like doing assembly in Asia. And some technologies basically now only exist in Asia. For example, hard drives and LCDs. The designers might live in the US but there is no manufacturing of the components in the US.
@GonzoTehGreat
Жыл бұрын
What you're saying is true, but it doesn't make it prohibitively expensive for companies with high margin products, like Apple, to relocate their manufacturing to North America (or Europe). If Apple was forced to do so (by either/both the Chinese and/or US governments), they'd make it happen, by using some of their huge cash reserves and profits to invest in building the necessary supply chains for factories and providing training for the skills needed. The reason Apple isn't doing this already is because they don't need to, as: (1) it's still cheaper and easier for them to employ skilled Chinese (or other SE Asian) workers (2) they've already set-up manufacturing supply chains to China/SE Asia, which represent a fixed sunk cost (3) they've already saturated developed consumer markets with their products, so future sales growth will come from currently industrializing countries with a growing middle class who can't yet afford their relatively expensive phones/tablets/laptops, but will soon be able to.
@k53847
Жыл бұрын
@@GonzoTehGreat I've heard that Cisco is moving more manufacturing to Mexico. Which is an option for lower cost assembly operations. But until there are, for example, flat panel display plants outside of Asia (and Wiki lists dozens of plants with only 1 US, 1 German & 1 UK) then that can't fully happen.
@k53847
Жыл бұрын
@@kknn523 It's not about making money in manufacturing. Cisco makes no money for 450 days after an order is placed when they have a 450 day lead time for a million dollar router due to a $3500 power supply that comes from a plant in Shanghai.
@GonzoTehGreat
Жыл бұрын
@@k53847 I agree, but with the caveat that it's difficult, but possible, as stated in the video at 6:54. These US companies spent a decade moving their manufacturing abroad, so relocating it to the USA will require a similar period of sustained, long term investment and commitment, which is probably only worthwhile for certain high margin products whose manufacturing can be largely automated.
@GonzoTehGreat
Жыл бұрын
@@kknn523 I'm not taking about Nike shoes. 🤦♂️ That should be clear from my comments. Apple phones are designed in the USA and some of their components are both designed and manufactured in the USA. It's unlikely they'd relocate their entire supply chain to the USA, because they need it to sell to foreign (especially Asian) markets, but it's quite feasible to relocate their manufacturing for domestic consumption, if they're willing to make the investment. Another example is Tesla, who have opened factories in the USA, Europe and China. I expect other EV manufacturers to do the same.
@mattypants
Жыл бұрын
Can you imagine a cellphone made in the US? "I'd like the cheap base model please" "sure, that will be a $9800 down payment please and only $199/mo for 60mos"
@YeaYeaOK-BUT
Ай бұрын
😆🤣😂😅
@MASMIWA
Жыл бұрын
Keep in mind that large manufacturing companies in China provide housing and subsidize meals with their own cafeterias. For these workers, they have more net spendable than his/her US counterpart. Public transportation is also much cheaper in China whereas in the US, most workers own their own cars. Some businesses also run company buses to pick up employees to take them to work, and obviously the on-premise dorms for production workers has employees on site so no time is lost commuting.
@bingosunnoon9341
Жыл бұрын
The cost of automobile ownership is a drain on our economy. Public transit is far more efficent. It's what you put in the denominator that counts when comparing one to the other.
@MASMIWA
Жыл бұрын
@@denniswhite3487 Obviously you are not aware of their living conditions in the rural areas from which they came. They are free to get their own housing, but few can afford it. Living in company housing lets them save money so they quit after saving enough to head back home to start their own businesses or work for a local company.. BTW, why would I like to live in their dorm? I sweated out mortgage payments in the US while I worked in the US before I retired. During the cold war with Russia, the challenge for the US was to beat the Russians. We did that, working like the Chinese 60 to 80 hours a day. We won the day and so will the Chinese. Have you been to China? I have, for 20 years. My son-in-law's company rented apartments for employees to live because the company was not big enough to fund dorms. Two to three employees to an apartment paid by the company. They had medical insurance paid by the company and a year end bonus depending on the profitability of the company. It usually ranged about 2 to 3 months pay.
@georgiagrace1805
Жыл бұрын
Do you know what happened recently at the Foxconn foundry in Zhengzhou?
@clarissagafoor5222
Жыл бұрын
Plus lower tax!
@AB-yu5pw
Жыл бұрын
@@denniswhite3487 Sounds like an entitled snowflake talk
@neighborhoodsquirrel2504
Жыл бұрын
This issue about out sourcing manufacturing to foreign countries has been happening for over forty years. When Clinton was president, his secretary of education Robert Reich said we don’t need local manufacturing. We will be a service provider country. We will send everyone to college, and teach them to provide services. He said this on an ABC Sunday morning talk show!
@poconopatriot567
Жыл бұрын
America last has been in the works for decades
@GotoHere
Жыл бұрын
Let’s quote Clinton, bush 2, Obama, and sniffy Joe. “We’re going to retrain the American worker for the high tech jobs of the future”. Those are computer IT jobs. Jobs that go to h1b visa workers from India, Russia, Eastern Europeans and other countries. The rats sold out Americans.
@chris2009xx
Жыл бұрын
Nokia phones were made in Finland, Hungary and Germany until 2012. Motorola phones were made in the USA, Ireland, Germany and the UK until the mid 2000s. Gigaset is the mobile phone made in Europe these days.
@tooltalk
Жыл бұрын
It's not in Apple's interest to tell the world that their phones can be made outside China affordably. So the media just parrot Tim Apple's talking points.
@1mezion
Жыл бұрын
First of all companies didn't just decide to move to China I remember when they first moved to Mexico and the primary reason listed was cheap labor cost. No matter what is said and done it comes back onto the customer you look at two basically identical items on the shelf and you decide to buy the cheaper one, that has an effect.
@stevebabiak6997
Жыл бұрын
The Librem5 phone mentioned in this video is a great example. Made in USA version costs $2000 retail, made in China version costs $1300 retail - basically identical except for where it was manufactured. Most people are likely to keep that $700 in their pockets if they are just buying a phone; but I suspect this phone is being purchased by people who WANT a Made in USA product.
@1mezion
Жыл бұрын
@@stevebabiak6997 Yes
@99names16
Жыл бұрын
That’s why you need regulations. There Will always be a cheap country for labor. Profits have gone WAY up since the 80s . But wages have not. As it stands - companies like Walmart killed competitors by dodging taxes, pay employees so low that many are on government assistance , you and I are subsidizing their income..so companies don’t care about America. Or Americans.
@Exyvia
Жыл бұрын
You don't blame the manufacturer (Unless of course its a scam), its fundamental economics people want the best bang for you're buck. China makes everything from High cost to the cheapest, with the economics of scale and connections to supply chain. Obviously customer is king, so the public buyers are not buying American made products due to people not thinking it's worth the extra for American made. Also why I think Chips will fail ultimately due to supply chain and high skill laborers.
@julioduan7130
Жыл бұрын
TSMC has decided to send 300 engineers to the USA in the next week. All these 300 engineers will be given US Green Card immediately.
@TheBooban
Жыл бұрын
Ffs you just raise tariffs and not allow imports like China does to everyone else. Its not rocket science. USA gave all their tech to China and let them import everything while China doesn’t do stupid sht like that.
@raycomeau6866
Жыл бұрын
@@julioduan7130 Wonder how many will stay in the US once they see what things costs, the hostility towards Chinese people, the violence, the crimes, the use of drugs and the infrastructure?
@cinpeace353
Жыл бұрын
@@julioduan7130 If US subsidies phone industry like they did in chip industry, yes, it could happen. It will depend on how many voters willing to subsidie profitable business.
@bingosunnoon9341
Жыл бұрын
I buy custom PCBs from China in quantities less than ten. These boards cost less than ten percent of those made in the USA. The quality is excellent. The myth of economies of scale is just that, a myth.
@jiamiekori6575
Жыл бұрын
Google didn’t lose money selling Moto to Lenovo. They kept all the patents and trades, they sold the name. That was the entire idea of buying it in a first place. Same story repeats with HTC
@kingcelebate1242
Жыл бұрын
How about USA stop being in debt to China and Japan?
@lordlee6473
Жыл бұрын
Lol. China dominates not just manufacturing but in innovations too, only US is on par with China when it comes to innovations and a lot of these breakthroughs inside US are led by ethnic Chinese. China dominates in manufacturing because of many factors, the least of which is “cheap labor”, as labor isn’t cheap at all in China, similar to cost of Eastern Europeans. Being the largest consumer market and trading nation, having superior infrastructure, educated and disciplined workers, superior work ethics, entire supply chain located in one area, business savvy owners, smart policies from the government all contribute to China’s dominance
@pykemid3954
Жыл бұрын
this------------->Being the largest consumer market and trading nation, having superior infrastructure, educated and disciplined workers, superior work ethics, entire supply chain located in one area, business savvy owners, smart policies from the government all contribute to China’s dominance
@hometechUK
Жыл бұрын
Same reason most tech is not made In the UK & Europe, wages are to high, the companies would have to reduce their profit percentage or increas prices.
@njonjokibera9587
Жыл бұрын
Or they can even outsource those jobs to Latin America or Africa instead of China. Mexico and African countries the labor cost is really cheap. You can even improve their economies
@SolomonSunder
Жыл бұрын
@@njonjokibera9587 Brazil does do some manufacturing. Africa is simply too disintegrated politically. Ethiopia, Kenya, Ghana and South Africa are the only ones with some human resource skills. Even amongst these, there are tribes which are oppressed but have enough power to bring these countries down. I am from India and even here, not many companies will invest in our North which is volatile and has religious riots. But we are a political unit and hence migrants from volatile areas become a source of cheap labour in richer areas instead of ending up in refugee camps in their own regions..
@oeao2841
Жыл бұрын
They didn't fall behind...they simply found a cheaper country to make the products
@roahnosh
Жыл бұрын
They did fall behind it's a consequence.
@007ismi
Жыл бұрын
Don’t believe Tim Cook saying cost isn’t low in china. The core objective of any company is to manufacture its products at the cheapest cost.
@John_Smith_86
Жыл бұрын
He is saying that that is not the most important factor. That supply chain logistics can be even more important.
@tooltalk
Жыл бұрын
@@John_Smith_86 : and you know that's a pure bull crap. Tim Apple said the same thing (and a bit more) 10 years ago -- the company has invested well over $270+B in China to train local workforce and build supply-chain in China. Apple can do the same here in the US. Apple = Make China Great Again.
@John_Smith_86
Жыл бұрын
@@tooltalk And who is going to pay for all that? The US government? I don't think so
@tooltalk
Жыл бұрын
@@John_Smith_86 : Apple has plenty of money in their offshore tax-heaven. Also we are not asking for donation from Apple like the CCP did -- they will get their return on investment and guaranteed access to the US market. Apple = Make China Great Again
@John_Smith_86
Жыл бұрын
@@tooltalk Yea, right. You want Apple to spend its own resources to deliberately build up a tech manufacturing eco-system in the US, for the benefit of the US and other tech giants, but without the same State support as from China. Does that sound good to Apple?
@Firestorm637
Жыл бұрын
Remember everything made in Japan60-70’s. If not for China most middle class could not afford much
@TheBooban
Жыл бұрын
Because your middle class lost all their manufacturing jobs. Duh.
@sonnyjs15
Жыл бұрын
@@TheBooban 😂😂😂😂
@sonnyjs15
Жыл бұрын
@@TheBooban 😂😂😂😂
@grahamjones5400
Жыл бұрын
Environmental and worker safety rules, that's why. Large multinational corporations hate rules that make them clean up their mess and not abuse people. American workers would make an big scene in public every day, tarnishing the company's public reputation, and nowadays if the workplace sucks many employees would just stop showing up entirely, regardless of how much they got paid.
@dekyne3227
Жыл бұрын
You got to look at the pollution that comes with manufacturing, lots of citizens in the US are going to rightfully complain while more developing countries don't really have a choice if they want to grow
@sonnyjs15
Жыл бұрын
Exactly. Why dump in OUR yard or drill OUR oil when they'll do it? I don't like it....but I'd do it. Like Neegan.
@kjrchannel1480
Жыл бұрын
The USA supposedly leaned not to pollute while manufacturing. Most other countries have not, but that pollution comes back to bite everyone in the world. My solution is stop buying so much electronic junk to satisfy the investment leaches.
@kknn523
Жыл бұрын
No matter where you manufacture it ends up in the earth's oceans and into the earths atmosphere. Don't be cringe.
@toytulog576
Жыл бұрын
Actually it not pollution...but company moving out is due to low labor cost compare to USA.
@tanhouzer
Жыл бұрын
Nope. US is one of the top 5 contributor of air pollution. Even even with out that many manufacturing company. Cars....
@davinp
Жыл бұрын
stop focusing on Apple all the time, what about Android phones?
@d0k0night
Жыл бұрын
What about them? How is the manufacturing of Android phones significantly different compared against Apple in this discussion? It isn't.
@Milinclaire
Жыл бұрын
I'd be retiring or working less in 5 years and I'm only curious how people split their pay, how much of it goes into savings, spendings or investments?? I earn around $165K per year but nothing to show for it yet
@hobbs252
Жыл бұрын
I noticed, a lot of folks are making huge 6figure killings in this downtrend, only just that such technique are mostly successfully executed by folks with in-depth market knowledge.
@kozovski6628
Жыл бұрын
@@piercejordan5335 Please can you leave the info of your investment advisor here? I’m in dire need for one.
@Green-ed7wq
Жыл бұрын
@@piercejordan5335 thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply.
@jeffruebens8355
Жыл бұрын
For phones, you can buy a very good Samsung, Apple or Pixel for about $800, instead of a Made in Murica $2000 phone. I think all of them have Corning glass made in Kentucky.
@xcmskim4
Жыл бұрын
Companies will constantly move their factories to developing countries for cheap wages. For example, Samsung used to manufacture all their flip phones in Korea. The first few Galaxy line smartphones were also made in Korea. Samsung started to move their plants to China and now all their phones are manufactured in Vietnam. LG's last smartphone was also made in Vietnam. No Samsung product sold in the US is made in Korea anymore. However, due to washing machine tariffs from the Trump era, all Korean brand washing machines (LG, Samsung) are now made in America. The answer seems to lie in tariffs. However, this will cause price increases for a consumer looking to buy a washer.
@geraldmaxwell3277
Жыл бұрын
Tariffs have worked very well for the EU. The reason why Germany is still heavily industrialized is largely because it imposes tariffs of between 25%(minimum) to 100%(in the case of Chinese steel) on all non-EU products with the exception of products from Least Developed Countries(those products are not from manufacturing, mostly things like tea, coffee and flowers)and nations the EU has trade agreements like the US. In short, Germany and to a lesser extent France and even the UK to a small extent before Brexit had established a closed market for their goods because even if Chinese goods are cheaper, the tariffs would raise their costs to parity with European made goods.
@xcmskim4
Жыл бұрын
@Jk I hope they do. Its ashamed that even Jin Ramen sold in the US is made in Vietnam. I hope conservative president Yoon keeps manufacturing in Korea.
@deafea4867
Жыл бұрын
@@xcmskim4 they will never come back to their homeland unless Korean people agreed to decrease their salary by 3 4 times
@CatDad7125
Жыл бұрын
I can't wait to get the new Purism phone....said nobody ever.
@jedinite241
Жыл бұрын
These things need to be explained better to the USA public They think ONE person elected or becoming super patriotic can fix the economy ... IT WONT. We have a serious IQ problem here in some areas
@ZainKhan-sm8gr
Жыл бұрын
Those emojis are so cool! How'd you get them?
@1mezion
Жыл бұрын
Will they listen, the English were warned about the consequences of brexit and they choose the ignorance of racism now they're paying a price higher than many other countries that simply had the effects of covid & Ukraine Russian war to deal with they crashed the economy with brexit and the expulsion of hundreds of thousands of workers that helped to support the economy.
@Cyberbronco
Жыл бұрын
@@1mezionwe’ll see.
@Cyberbronco
Жыл бұрын
Actually you are wrong. China is where it is today because the government subsidized and invested heavily to put their country on the map. You don’t go from a 90% agricultural population to 80% industrial in 25 years just by being cheap labor. Trillions of dollars in government investment made China what it is today. Communism is amazing at this. If any country wanted to do what China did it would start at the government level and yes, a pro-American president is the only thing that could get that started.
@jedinite241
Жыл бұрын
@@Cyberbronco Actually you are wrong. This isn't an absolute Monarch being taken over by its own people. We already have Trillions invested by people all over the World and neighboring allies and THEY didn't sign-up for the lil Non-democratic picture you just painted. You're not talking about making this country better with a pro-American president, you're talking about ending the one we have now 😝
@johnnygoods1232
Жыл бұрын
A lot of skill for cheaper prices is what he should say
@joejacko1587
Жыл бұрын
you can be icd 10 certified is less than a month and be way more skill than what they have hell even the Germans copied that standard and a lot of companies in electronic manufacturing pay to have their people take it its not the skill its the fact they will work them 12 hours and pay them nothing f the real problems are the supply lines here the parts to assemble to get here would be longer and cost more no country just makes a cell phone all the parts are made from many different countries it wouldn't be economical to make the whole thing that requires 100
@murdepierre
3 ай бұрын
American manufacturing did not decline by accident. In the 70s encouraged by the US government manufacturing was offshored by corporatif US seeking higher profit margins on the backs of factory workers who lost their jobs.
@Heyzavier
Жыл бұрын
Purism ceo is capping hard 🧢🤣🤣
@SiphoNgwenya
Жыл бұрын
And at what scale are they operating at?
@scabbage
Жыл бұрын
Bring manufacturing back to the US is like making Americans watch soccer. Not gonna happen.
@yasinnabi
Жыл бұрын
“Business opportunities are like buses, there’s always another one coming.” - Richard Branson
@unnamedness
Жыл бұрын
The US never has this high tech manufacturing I agree that it's difficult or impossible even to set it up. Just because there is so many skilled labor required
@ivanteo1973
Жыл бұрын
You must be living in your wet dreams. High Tech Manufacturing was transferred out of US in the process of Globalization. Where do you think F22 was manufactured? Shenzhen?
@theunnamedness
Жыл бұрын
@@ivanteo1973 its the truth. the chips are made in Taiwan/Korea . thats it. There is no chips manufactuering in the US. They are just not capable, there is no enough brainpower for it. Listen to Tim Cook, the reason for Apple to be in China is not because of low wages, but because of skill. There is so much brainpower in CN that you just can't compete with it. Without so much skill/brainpower, you can't manufacture such a high tech.
@ivanteo1973
Жыл бұрын
@@theunnamedness There is no chip manufacturing in China. CN is brainless. that's why they can't make any chips. You need brain. No brains you can only steal.
@unnamedness
Жыл бұрын
@@ivanteo1973 for brains you need China, for skills you need China. US does not have as chip industry. They want Korean and Taiwanese come to US for the chips; no way.
@ivanteo1973
Жыл бұрын
@@unnamedness China is junk, no one needs junk. Without US, you can't make chips.
@tofuyam7361
Жыл бұрын
Its not coming back because there are 4-5 BILLION people in Asia, the future customers of all products vs 400 million in North America
@SpiritsBB
Жыл бұрын
Good news piece. All of them actually know what they're talking about.
@rubbis3742
Жыл бұрын
It's good that some companies are starting to manufacture in their own countries. The more competitions the better for the consumers.
@gloriathomas3245
Жыл бұрын
You're speaking like a protectionist. And for the record Americans have benefited from our goods being made in other countries if you like the low prices your paying.
@441meatloaf
Жыл бұрын
Americans don't want to work manufacturing jobs. Most developed economies has shifted to service based economies over manufacturing. Second. Americans demand much much higher salaries, less efficient, and unions, benefits, etc... all cost too many companies a lot of money to manufacture a single product. The only real manufacturing like vehicles are protected and subsidized heavily by the govt to keep it at home. But more and more domestic manufacturing has shifted to mexico because its just cheaper and the quality is about the same if it was made in USA or Canada.
@theupscriber65
Жыл бұрын
@Gloria Thomas good point. Also, where would we get the workers? There aren't enough unemployed people to make everything here.
@441meatloaf
Жыл бұрын
@@theupscriber65 Thats incorrect. There are enough workers in America. But the reality is americans do not want low end labour jobs.
@cachet633
Жыл бұрын
@@441meatloaf How about fastfood chain? McDonalds, Taco Bells, Burger King, Walmart......Are they high end labour job? In reality they just want easy money and easy job and no skills
@harrywilliam8740
Жыл бұрын
In china and india lot of engineers working for foreign projects. Europeans and usa businessman says giving 1 person man power cost to their own people is so costly. In these cost they can give 10 people even more in china and india. Most of optic fibre route and fire and safety design for building in construction, software and hardware and lots of design products are design manufacturing and planning by Asian countries.
@mxr572
Жыл бұрын
Apple pays slave fee to assemble. charges high price. pays little taxes in USA. moves profits offshore. etc.
@orainer687
Жыл бұрын
2000$ for a smartphone that has similar specs to phones costing less than a 100$ in china lmao. yeah manufacturing isn't coming back to the US
@ctbt1832
Жыл бұрын
The price is as being paid for the smart phones are the same prices that would be technically charge if they were made in America but because it’s me outside of America cheaper, the owners want to keep all the money
@bryannonya9769
Жыл бұрын
Had you simply said "greed" it would have actually made more sense than what you wrote.
@juanmigueloctaviano6736
Жыл бұрын
The real reason for the decline in US manufacturing is to decrease the number factory workers which is the support base of industrial Unions.
@babagandu
Жыл бұрын
Yes and so people move to cities and vote democrat NWO
@tooltalk
Жыл бұрын
unions overplayed their luck and drove out manufacturing jobs out of the country.
@TheBooban
Жыл бұрын
@@tooltalk thats stupid. Globalists set it all up, dropped tariffs and moved factories abroad.
@sm3675
Жыл бұрын
Blame Ronald Reagan
@danielch6662
Жыл бұрын
@@tooltalk you and Juan are both right. Much is said about American workers being more productive. The truth is, they are not. To a capitalist, a worker is a worker. Yes, you can boost the productivity of American workers with automation. But you can do the same with workers in Vietnam and India as well.
@mitchasris3267
Жыл бұрын
The fact that they can move making iPhones to India, means it’s more about having lots of cheap labour vs actually wanting skill and talent lol
@justanotherperson2576
Жыл бұрын
What do you think your iPhone's gonna be costing if the labour comes into the factory by a 4 cylinder car, using the same apple product, paying atleast 600 dollars in rent while all he's doing is putting screens on a smartphone all day?!!
@jghifiversveiws8729
Жыл бұрын
@@justanotherperson2576 The Iphone will retail for the same amount it'll just eat into apples profit margins a little that's it.
@gauravdey4163
Жыл бұрын
India is the second largest manufacturer of smartphones in the world. India produces equal number of STEM graduates as china and thus the skill level is very high in India too.
@AB-zl4nh
Жыл бұрын
And that's why you're not an executive of a multinational company. India has 1+ billion people. More STEM graduates than the USA, cheap labour & more democratic than China. Several positive factors.
@mitchasris3267
Жыл бұрын
@@AB-zl4nh stop pretending like quality of stem education isn’t important and then you’ll realize it’s always about money literally nothing else!
@CharlieZablan
Жыл бұрын
American Gen Z are like: "Can I work remotely?"
@jackychick
Жыл бұрын
Steve Jobs autobiography explained why he chose China to manufacture iPhones there. The huge number of regulations and critically the YEARS needed to get permission from America would mean Apple could finish building factory and start manufacturing in China. So even if profit margin are the same in both countries, Jobs would have chosen China! Jobs then complained that if America wants to attract investments, the country better creates an favourable environment that welcome businesses as much as China does.
@fitybux4664
Жыл бұрын
If they have a phone that even grossly resembles a made in the USA phone (like the Librem 5, because technically the CPU is not), those items should get special tax credits. I should be able to buy a Librem 5 phone for $100 with a $1800 tax credit.
@KayyHong
Жыл бұрын
Tesla built its Gigafactory Shanghai in 10 months and ready for production. Try to do that in the U.S.
@dablet
Жыл бұрын
everybody wants Made in USA products. nobody wants Made in USA prices. lol
@anthonyr1479
Жыл бұрын
Cuz a new phone would cost atleast $3000
@neighborhoodsquirrel2504
Жыл бұрын
U.S. manufacturing in the states cannot compete against manufacturing cost in Mexico. A lot of U.S. manufacturing already moved to Mexico like the auto makers and appliance companies. Forget about competing with Asia.
@vbg17
Жыл бұрын
I agree with Tim Cook for parts and more skilled workers at one place. But China doesn't have the skilled workers overnight. US too needs to identify the location with high population density and encourage skill development.
@antonymwangi4986
Жыл бұрын
The tag "made in the US" could mean something if goods made is US were 20% more expensive compared to China. However, the goods made in US are over 60% more expensive
@tomallen6073
Жыл бұрын
I’ve worked in U.S. manufacturing for 7years, finding skilled labor that actually wants to work is very difficult. Workers under 30 here simply don’t want to work and many don’t want to educate themselves. A company may want to manufacture here but finding the people to do so is difficult.
@zkilerex9661
Жыл бұрын
Bcs no one wants to be stuck in the matrix working shi**y job for low pay chek working 12hours a Day for 1000$ in europa its the same no one wants to do that stuff for cents when the job is very annoying and bad for mental health
@MoneyRemote
Жыл бұрын
it's not difficult to find workers when you're buying their labour instead of pretending America is replaceable in the name of bottom line. buy labour, get workers. it truly is that simple, but investors are a special kind of brain dead and only see numbers. That's why they pretend the Chinese are more skilled than Americans since they're the cheaper labour. It's not just skill, it's literally the wages and power trip managers like you lol. The moment you pin an age to your anecdote, you become a boomer. it's much more likely that people under 30 simply just won't tolerate your disrespect, which you think is "authority".
@giridharkatikapalli9894
Жыл бұрын
Hourly rate is not the only factor, the productivity is more important.
@msbrownbeast
Жыл бұрын
The level of productivity is higher in Asian than it is in America. Workers in America are spoiled by the 40 hours (or less) work week, union protection, fringe benefits and they F...fing complain. . Workers in Asia mostly work 6 days a day.
@sgallegos702
Жыл бұрын
@@msbrownbeast it takes 4 Asians to make up the productivity of 1 American.
@atlien1988
Жыл бұрын
@@msbrownbeast Luxembourg has the highest productivity in the world by a wide margin & they also have a 40-hr work week & better employee benefit/rights. Y'all literally get on the internet & type nonsense.
@msbrownbeast
Жыл бұрын
@@atlien1988 And yet Apple, Nike and Gang are manufactured in Asia.
@msbrownbeast
Жыл бұрын
@@atlien1988 Yeah, but would they work for about $4.00 per hour assembly iPhones? $4.00 can't even buy you a decent coffee in Luxembourg.
@indmillenial7254
Жыл бұрын
This is changing not only in china but also all around the world due to "Let it rot" phylosophy.
@jerrydenggm
Жыл бұрын
Let me save you 17 mins: All phone parts made in Asia + Cheap labor = made in Asia
@josehawking5293
Жыл бұрын
I’ve been waiting 6 years for my Librem5!
@sofialina3293
Жыл бұрын
This is an amazing video and i enjoyed every bit of it. And i'm also excited to share my investment experience so far this year. I believe it will help a lot of people here who are confused on how to startup theirs and be productive for the year .. ...
@sofialina3293
Жыл бұрын
From my own point of view, you need to invest smartly if you need the good things of life. so far, i've made over $355k in raw profits from just q4 of the market from my diversified portfolio strategy and i believe anyone can do it if you have the right strategy. Mutual funds takes long time, but investing smartly is the key for short term. Most of us tends to pay more attention to the shiniest position in the market to the cost of proper diversification.
@emmanuelchikwendu5492
Жыл бұрын
@@sofialina3293 Wow!!!, This is super awesome. I'm willing to start saving properly or at least have a good investment. Please tell me more about it. I'm an amateur investor, i have 2 IRAs, I do not like the cookie cutter responses from; Fidelity, Vanguard Schwab, etc 7%-9% year on average. How do you invest?
@sofialina3293
Жыл бұрын
My portfolio is very much diversified, and i work and follow the trades of WINONA ALETHEA LIVINGSTON. she's well known for what she does. I met her sometime early last year at a start-up funding event, she said lots of enlighten and interesting things about the state of algorithmic tradings. Today, very obviously, I'm seeing the results....
@emmanuelchikwendu5492
Жыл бұрын
@@sofialina3293 By following trades, do you mean copying her trades, as it is done in etoro? Are you giving her your money or the money says in your account?.
@sofialina3293
Жыл бұрын
Yeah exactly, My portfolio/investment manager, a well professional online broker, WINONA ALETHEA LIVINGSTON has an investment platform where you don't need to stress on your trades. All you need to do is invest and watch your trades grow from your dashboard.
@theoneed2051
Жыл бұрын
Wow. So I heard someone talk about this in twitter the other day; China is no longer cheap, but Tim Cook just put it into perspective. The electronics manufacturing and prototyping is many years ahead of the US. This will crush some people, that still think that people don't build here because companies are just wanting to save money.
@bandwsf
Жыл бұрын
Get real, man. Who's going to buy a $2000 phone.
@se7enzee444
Жыл бұрын
Many Apple fanboys will buy it even if it's $3k.
@simoncquach
Жыл бұрын
Really like who doesn't know. Americans want $30/hr for flipping burgers that's why! 😂
@glennalexon1530
Жыл бұрын
Purism talks big about making phones in the US, but their product isn't phones, it's fear. Their website implies that they offer improved user privacy and data security; I doubt either is true. Hacks don't come from the hardware manufacturer, they come from leaky apps and poor user practices.
@seanlee6934
Жыл бұрын
Cannot agree more.
@doru10922
Жыл бұрын
I heard stories about Google and Motorola.... they wanted the patents
@bryannonya9769
Жыл бұрын
or you read some nonsense on yahoo news or google.
@9B17
Жыл бұрын
Not just cheap labor cost. The speed too. Go search “fast Chinese worker”. A Chinese worker is 10x speed faster than American. And they can work beyond 12 hours per day. If you want American labor work like them, they will sue the company and go on strike.😅
@Akjugo
Жыл бұрын
Yeah it’s almost as if Americans don’t like being exploited 🤔🧐
@jimjohns2017
Жыл бұрын
@@Akjugo But Americans don't mind buying cheap goods made under conditions they would consider exploitative if they had to work under those same conditions.
@kekeshuoshuo
Жыл бұрын
It seems Elon is trying to force twitter workers to work like that. It’s not going well.
@homelander746
Жыл бұрын
@@kekeshuoshuo well Twitter deserve that
@davinp
Жыл бұрын
Unfortunately, auto manufactures have made some cars in Mexico because labor is cheaper their and the quality isn't as good. Companies want to the cost of manufacturing low
@ahotdj07
Жыл бұрын
Completely agree.
@amazon4716
Жыл бұрын
Fun fact: China owned 50% of the world's GDP at one point.
@easyxpress
Жыл бұрын
Because I don't want to pay $5000 for my iPhone.
@fuckkatuas2837
Жыл бұрын
Even $1000 is too much.
@Yandel21ableify
Жыл бұрын
But you will pay 2k rent
@isavana33
Жыл бұрын
In other words: If phones were assembled in the USA or in Europe, then the cost of the phone increased due to salaries and taxes! The question arises: who would buy them? And it is unlikely that Apple would have such a capitalization.
@franciscoa3978
Жыл бұрын
When demand for these e units be it smartphones, EVs, TVs become satiated in the states I see manufacturers returning to the USA for labor
@BureaucracyWorld
Жыл бұрын
I have been working in the US manufacturers for the most of my life. You will lose money when you are manufacturing products here in America. The attitude of employees here are to take advantage of employers as much as posible. They take too many time off and holidays, take more breaks, smokers even have more breaks. They are lazy, and finger pointers. They sue employers for any working rights. Jobs not done in time. Americans fingers are too big can not handle small parts. Americans eyes are blurry when looking at small parts or items for long time. And employers are hiring employees from Asia or local minority. So what is different making here or overseas, when your labor force are still depending on immigrants.
@c.rutherford
Жыл бұрын
Your views are puzzling, as America is the only country I know of that doesn't guarantee any sick leave or paid time off by law. As an American in tech when I worked as a 'subcontractor' for IBM our European clients would take off for Christmas a week earlier, stay on vacation a week later, and called us workaholics while we were ordered to hold the fort every time. In fact we didn't even get paid for the 6 days a year that were holidays, just got docked. Also you could schedule a week's vacation once a year but you got docked for that too so a lot of people just did a few days and tacked them on weekends. I always told them we don't do it by choice, we just want to keep our jobs! I remember one Christmas year they emailed me a "Happy Holidays", and I couldn't resist and replied back, "Even Ebenezer Scrooge paid his employee for Christmas day." They never sent me a holiday email after that, heh.
@crs50
Жыл бұрын
not only IPhone not made in US, ALL AMERICAN PRODUCTS LONG TIME AGO ARE MADE FROM INDIA, PAKISTAN, VIETNAM, BANGLADESH, CAMBODIA, INDONESIA, JAPAN, TAIWAN and CHINA!
@rajskop
Жыл бұрын
One thing I have observed being to US ...is that US youths are more focused on online fame and getting rich thru' tiktok Onlyfans instagram and yt.....whereas youth in India and China focused on Jobs including tech, finance and research skills....
@CausticLemons7
Жыл бұрын
I'm glad the video eventually asked 'why'. I support more jobs, more business, more investment in America but why specifically do we need smartphone manufacturing? I think improving our digital security and strengthening our privacy laws can reduce much of the risk associated with smartphones.
@aniym21000
Жыл бұрын
The biggest employers in America are Walmart and McDonalds. In China it's Foxconn and China Natl Petroleum. Consumption vs production, doesn't bode well for the US if relations get worse.
@Jen39x
Жыл бұрын
I always wonder when wages from China or elsewhere are quoted in American dollars is what is a livable wage? When you don’t know cost of food or housing it’s not really possible to tell.
@enzuojohn3540
Жыл бұрын
the food and basic living is affordable,10-20 yuan a meal, but for electric devices like iPhone, If you are Chinese, it can takes you 2-4 months paycheck to buy one.
@ahotdj07
Жыл бұрын
Exactly. It might cost a lot less to live in China, where $3 per hour there would be equal to just say $30 per hour in Texas.
@billshi6005
Жыл бұрын
@@ahotdj07 not that much. But after the inflation in US , I think now 1:5 is comparable, which means $3 in China equals around $15 in US, if you are not buying some luxury goods.
@chitru1983
Жыл бұрын
I work for a US tech company in the Philippines and I know the role (data analyst)I have now is paid around 6 to 8 times in the US vs what I am getting monthly. I can say I can comfortably live from my salary - just enough to make ends meet and save. And there are people who are in different industries here - back office, call centers, service, engineering, infotech, finance etc - that all came from the US that pay way less for young fresh graduates who are very trainable and can quickly learn the skills needed. Typical starting salaries fo many in the industry is 20K to 25K (plus benefits like health insurance etc) which is roughly 400-500USD a month . In bigger cities, that could go a little higher to 700-800USD per month. Am not sure if the US can match the labor cost of this young educated and highly trainable population who can take on jobs that can be done offshore. That said, I know a salary of a US workwr even at a minimum wage can support a very comfortable life here in PH - a nice condo, a modest spend on food and entertainment, vacations - way better than locals living off US companies. It's the cost of living that factors in on wages that matter at the end of the day.
@Jen39x
Жыл бұрын
@@chitru1983 Exactly that cost of living never usually doesn’t get quoted. Housing is such a large range in the US. Small houses on the West Coast go for prices that buy large luxury homes in my area.
@larrykay6606
Жыл бұрын
All American manufacturers need are consumers willing to pay twice as much for Made in America products and then they've got a winner!
@The_Grand_Duchy_of_America
Жыл бұрын
They need the top brass to reduce their profit margins and reduce high executive pay too in order to reduce the price of the product.
@CalebDance
Жыл бұрын
Most clothes and shoes are not Made in China anymore due to high salary, phones are now making in India and Vietnam.
@LostMySauce
Жыл бұрын
Who is buying a US-made phone that costs $2k? Insane.
@visiblepain7702
Жыл бұрын
china made products are absolutely killing it with its price points. they can mass produce and be able to sell in large amount particularly in the developing countries
@omyhaby1912
Жыл бұрын
@@buildmotosykletist1987 slave labor is everywhere....!
@definitelysimple8991
Жыл бұрын
@@omyhaby1912 Nonsense 💩
@jimmylam9846
Жыл бұрын
@@omyhaby1912 Yes,China will drive all you microchips companies to the ground very soon.
@KayyHong
Жыл бұрын
@@omyhaby1912 --- parroting American propaganda. No serious person would believe that especially those who have been to China.
@LightWingStudios
Жыл бұрын
In America we don't pay people $2 a day.
@davinp
Жыл бұрын
Even many laptops aren't made in the USA
@pauldavis221
Жыл бұрын
Because you don't make the internal components... Laptops are made where the components are made... That ain't in the US because you/your parents wanted profits and money in the 1980S.90s, so everything was off-shored to boost the profits you were all insisting on... Reganomics!
@mikerichardson60
Жыл бұрын
Try none. Name me even one US built laptop ?
@LockeLockheart
Жыл бұрын
Baizhu Chen casually ignoring the problem with the big data collection. Lol
@katehugo2203
Жыл бұрын
Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $10,000 investment every 14days.
@carterlewisville8664
Жыл бұрын
please how do I go about it ? am still a newbie on investment trading .
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Жыл бұрын
As a beginner who don't understand how crypto trade really works and you really want to make profit from it, I will advice you to first start working with a professional broker, else you will continue making losses.
@sharonrebecca3885
Жыл бұрын
This must be an investment with Mrs Linda Raschke
@coachleo5433
Жыл бұрын
@@sharonrebecca3885 OMGGG 😲 wait a sec, you know Mrs Linda Raschke too, so amazing seeing others trade with the same woman I trade with, she have been a blessing to my life 🥰
@truepatriot4298
Жыл бұрын
Since I started my investment of $7,000 with Mrs Linda , I am now having $29,450 in my portfolio.
@apooh3051
Жыл бұрын
You have to ask Apple that but the answer is obvious. Unless the US starts to put in a VAT tax for imports, every imports will always be cheaper.
@felipe367
Жыл бұрын
Google selling moto was probably a tax incentive plus they kept moto patents -the juicy part of Motorola worth any money. Can seasonal workers be recruited Ala Amazon to work in manufacturing ? Also what’s not talked about a lot on this video is the logistics needed for manufacturing which is well established in China.
@danielch6662
Жыл бұрын
Motorola got sold to China, where it found a good home in Lenovo. Motorola has recovered and is today profitable. It is now #3 in the US mobile market, behind the other two giants (after Trump killed Huawei, and HTC and LG surrendered and left the market).
@felipe367
Жыл бұрын
@@danielch6662 IBM sold their laptop division to LENOVO too. HTC and LG just pumped out garbage towards the end.
@weaseltown
Жыл бұрын
Wait, we manufacture more than Japan? Somehow I find that hard to believe
@mwanikimwaniki6801
Жыл бұрын
You have triple the population and 4 times the GDP. It's not difficult to imagine why...
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