Re:Taiwan bans recruitment for jobs in China
by cdumler on Friday April 30, 2021 @02:17PM
(#26997226)
> If TSMC wants to retain their workers they have to dig in their 40% profit margins and increase salaries to compete for talent.
I agree completely. I was trying to comment on the Western narrative about capitalism: "Capitalism is all fine and dandy unless it impacts me negatively."
Capitalism here is not the issue. If China pays more they get the workers. That's capitalism as its core. If TSMC wants to retain their workers they have to dig in their 40% profit margins and increase salaries to compete for talent. If they want to increase the price of their chips to account for that payroll increase that will make Samsung (or whoever else) more competitive and that's capitalism as well.
> Every time I hear things like "we can't find enough people" or "yeah, but then we'll just pass it along in our cost to customers," I know how much we don't have capitalism.
I agree and it makes me angry, individual freedoms are and should stay a thing. If you can't pay your employees a salary that makes them want to work for you, they are not the problem and your competitors are not the problem.