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I think it's more complex than that. It's not _just_ the CEO and investors greed. People's time in "1st world countries" is more expensive because _everything_
by bigiain 7y ago
I think it's more complex than that. It's not _just_ the CEO and investors greed. People's time in "1st world countries" is more expensive because _everything_ is more expensive. There's pretty much no manufacturing left here in Australia, because the wages on offer for "factory jobs" can't pay rent or buy food in Sydney/Melbourne/Brisbane. And if you _did_ pay your "factory workers" in Australian cities enough to rent/buy a home there, your base assembly costs start out at more that the manufactured-and-delivered price for the same item from China. Automation will help fix one end of that problem (the cost to manufacure side), but will make the other end worse (even fewer jobs for lesser skilled workers).
I don't _like_ that fact that global economies and inexpensive shipping have made arbitrage of inequity a real business profit driver. But the reality is that a bunch of people in China are prepared to work in factories making widgets for less money than anybody in Australia - and moving shipping containers full of widgets is _way_ less expensive than the difference.