Re:Why America's economy is soaring ahead of its rivals
by Retric on Thursday December 05, 2024 @02:28PM
(#42331708)
Chinese companies are full of such dead weight. Their success depends on the factory floor and massive investments not an efficient bureaucracy.
Re:Why America's economy is soaring ahead of its rivals
by Cumpiler69 on Friday December 06, 2024 @08:07AM
(#42339451)
Well yeah, a bumper on a car being bolted by a German worker is not gonna be held on better than if it were bolted by a Chinese worker. Germans can't compete with Chinese on a assembly lines. The advantage western manufacturing used to have to compensate for expensive labor was automation but guess what, China also has automation now in factories now. So what's gonna be VWs answer?
Re:Why America's economy is soaring ahead of its rivals
by Retric on Friday December 06, 2024 @04:57PM
(#42344966)
> So what’s gonna be VW’s answer?
As crazy as it sounds if you know anything about the industry, better management and increasing wages in China.
Chinese firms are generally extremely dysfunctional internally. That didn’t matter when they paid people a small fraction of western wages, but significant wage growth for years adds up. Continue ~9%/year wage growth and things would be at near parity in a little over a decade.
Obviously, that’s no guarantee but rapidly developing countries eventually develop. Things are about to get really interesting.
I never said the dead weight is on the assembly line, because it's never there, it's in the offices and board rooms. VW for example is full of useless employee swinging their nutsacks (German expression for doing nothing) and cashing in near six figure wages and being unfireable. Meanwhile the workers on the assembly lines will have to loose their jobs.