Re:Apple supplier Foxconn to invest $1B in India, sources say
by AnthonyMouse on Saturday July 11, 2020 @02:41AM
(#23800104)
The main thing those numbers are telling you is that Foxconn is really big.
I think your link is also relying on data which is several years old, this is more recent and listing average hourly wages of $3.60 in China:
https://www.cnbc.com/2017/02/27/chinese-wages-rise-made-in-c...
But that's still less than a third of $100/day.
The real question is whether the required number of employees is off too, which if the numbers are from years ago and the theory that automation is increasing is true then it would be, and then as you say, how that plays out in terms of labor per unit.
Re:Apple supplier Foxconn to invest $1B in India, sources say
by moreorless on Saturday July 11, 2020 @01:03AM
(#23799657)
In what world do you pay a skilled American $12.50/hr? And that is before considering benefits.
Re:Apple supplier Foxconn to invest $1B in India, sources say
by jerrybee on Saturday July 11, 2020 @09:25AM
(#23802042)
You’re absolutely right, I was being unrealistically conservative. In reality that many workers would almost certainly unionize and average labor costs could easily be $250-$300 a day or more.
Napkin math if you were to move 500k workers to the US and paid them $100 a day instead of $5 a day it would cost you $17B a year.
Would be interesting to see how labor per unit is trending to determine if manufacturing is actually getting more automated and at what rate.