Re:Samsung ends mobile phone production in China
by shaneprrlt on Thursday October 03, 2019 @11:03AM
(#21147852)
"Rising labor costs", what happens in the future when the world is fully developed and these co's run out of developing countries with cheap labor to exploit?
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Re:Samsung ends mobile phone production in China
by bilkoo on Thursday October 03, 2019 @11:11AM
(#21147939)
By exploit, do you mean offering them jobs that pay higher than local average? Or that developing countries have weaker institutions for labor laws?
Re:Samsung ends mobile phone production in China
by frank_nitti on Thursday October 03, 2019 @11:47AM
(#21148344)
Not OP, but probably just the dictionary definition of the word "exploit", to use a resource for one's own benefit. If there are business models that cannot function without this particular resource, what will become of them?
They aren't paying "higher than local average" out of the goodness of their hearts. If they were, shareholders wouldn't be too happy.
Re:Samsung ends mobile phone production in China
by SpicyLemonZest on Thursday October 03, 2019 @11:34AM
(#21148182)
What happens in the future when the entire world is rich and everyone has a bunch of money? I dunno, but I'd argue that by definition it's nothing particularly bad.
Re:Samsung ends mobile phone production in China
by throwaway66920 on Thursday October 03, 2019 @11:51AM
(#21148396)
Probably violent protests and war as economic opportunity shrinks to an ever smaller elite class of wealth.
Re:Samsung ends mobile phone production in China
by dsfyu404ed on Thursday October 03, 2019 @11:08AM
(#21147903)
Increased automation and industrialization reducing the need for human labor to make the product.
Re:Samsung ends mobile phone production in China
by ASalazarMX on Thursday October 03, 2019 @11:47AM
(#21148349)
People get paid more, products cost more, people consume proportionally less and expect their products to last more than six months.
Re:Samsung ends mobile phone production in China
by dangerboysteve on Thursday October 03, 2019 @11:35AM
(#21148197)
I'm guessing the question is rhetorical but ... robots.
Re:Samsung ends mobile phone production in China
by ThomPete on Thursday October 03, 2019 @11:32AM
(#21148159)
Outsourcing is the step before automation
Re:Samsung ends mobile phone production in China
by cmoscoe on Thursday October 03, 2019 @11:06AM
(#21147882)
Prices rise.
Re:Samsung ends mobile phone production in China
by mxuribe on Thursday October 03, 2019 @11:05AM
(#21147879)
Unfortunately, there will always be someone to exploit. Capitalists have a clever way of "evolving" to always be able to capitalize on someone/some group.
Re:Samsung ends mobile phone production in China
by toasterlovin on Thursday October 03, 2019 @11:12AM
(#21147944)
At least capitalists can feed people.
Re:Samsung ends mobile phone production in China
by mxuribe on Thursday October 03, 2019 @11:22AM
(#21148057)
Oh, they can...but the market forces that they follow tend not to incentivize the feeding of people unless there is some gain in it for them. /s
Seriously though, I acknowledge and thank you for your opinion, but respectfully disagree.
Re:Samsung ends mobile phone production in China
by shaneprrlt on Thursday October 03, 2019 @11:33AM
(#21148180)
I believe you mean to say some "grain" in it for them. /badpun
Re:Samsung ends mobile phone production in China
by mxuribe on Thursday October 03, 2019 @11:46AM
(#21148327)
Awesome! :-)
Re:Samsung ends mobile phone production in China
by toasterlovin on Thursday October 03, 2019 @10:33PM
(#21154339)
Disagree all you want, but I can walk into any grocery store in America and get a day’s worth of we’ll balanced nutrition for under $3.