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Corporations & Companies that have such high margins made out of cheap foreign labor,constantly lobby for further cheap labor because the price of living in the

by sebow 5y ago

Corporations & Companies that have such high margins made out of cheap foreign labor,constantly lobby for further cheap labor because the price of living in the west is constantly rising, and hiring local hands damages profits. I'm seriously wondering if people are only pretending to be stupid when talking issues about issues akin to this one, where it's very easy to scream: "racism" instead of providing actual solutions, or even discussing the problem. Germany has a lot of problems, as do other countries that rely on the 'never-ending' supplying of foreign labor(which is unrealistic).When you cut the pipeline of cheap labor: see the 2014-2016 boom which ended with corona, people act surprised when local communities won't do the job because the pay is a joke for their needs.The solution is not regulation or creating volatile unions, after all the markets eventually truly balance out(assuming players play fair).The core issue to be tackled is the ease to which companies can strangle local economies because they rise the cost of living through the mentioned cycle. Funnily enough, the article states that China will surpass US economically in the 30s, yet it maintains the rhetoric that immigration is the solution.It's not: If you're a fan and want to replicate the Chinese "success" at least acknowledge what they did: population boom(to such a high degree that now they have an aging problem), vastly increasing their middle class, etc.Some of the western corporatists applaud a nation that rose up in a fashion that has nothing to do with their own proposed solution: immigration in china is de facto null.('Maybe' it just has something to do with massive profits made there.) Now i'm not saying let's replicate China, because nobody mentions their dead body in the closet, but let's also not propose a "solution" that has been tried so many times and besides being a brain drain, it's a constant push from companies showing their greed for 'cheap' profits.

iso1631 5y ago
> after all the markets eventually truly balance out(assuming players play fair) So you're saying your entire rant is meaningless. There's a massive imbalance in power which means players don't "play fair"
2ion 5y ago
> I'm seriously wondering if people are only pretending to be stupid when talking issues about issues akin to this one, where it's very easy to scream: "racism" instead of providing actual solutions, or even discussing the problem. Germany has a lot of problems, as do other countries that rely on the 'never-ending' supplying of foreign labor(which is unrealistic).When you cut the pipeline of cheap labor: To add to your point, the pipeline of cheap labor is also getting cut at the other end --- with quality of life increases, skill and education increase, manufacturing hubs like China are getting continuously more expensive to use vs already expensive local hands. With this diminishing cost differential, the only way out is for the countries that were depending on that differential to increase their value-add to the global economy in order to eke out a new differential by being able to demand a premium on local products (knowledge products and physical products) because of tech/quality advantages. Unfortunately, exactly in this regard Germany is also falling back in the world. After losing leading positions in consumer electronics (80s/90s), mobile communication technology (90s/00s) and so on, little is left except from big auto, and big auto is already generating most of their profits abroad rather than at home. Frankly, it's getting hard to see what the country is wanting to sell to the world. There might be some highly competitive businesses left (see BionTech by sheer luck, a so-called and often-praised hidden champion), but that's hardly entire sectors of the economy. Again, I'm not able to discern what the selling point of Germany is supposed to be. And no politician has made any honest attempt to tell and plan instead of running on hope alone. At the moment, Germany's migration-fueled economy parts are growing based on the most primitive producitivity factor in existence --- head count. And head count is not going to be enough for the future. You need factor productivity, and that's not coming.

by sebow 5y ago

iso1631 5y ago

> after all the markets eventually truly balance out(assuming players play fair) So you're saying your entire rant is meaningless. There's a massive imbalance in power which means players don't "play fair"

2ion 5y ago

> I'm seriously wondering if people are only pretending to be stupid when talking issues about issues akin to this one, where it's very easy to scream: "racism" instead of providing actual solutions, or even discussing the problem. Germany has a lot of problems, as do other countries that rely on the 'never-ending' supplying of foreign labor(which is unrealistic).When you cut the pipeline of cheap labor: To add to your point, the pipeline of cheap labor is also getting cut at the other end --- with quality of life increases, skill and education increase, manufacturing hubs like China are getting continuously more expensive to use vs already expensive local hands. With this diminishing cost differential, the only way out is for the countries that were depending on that differential to increase their value-add to the global economy in order to eke out a new differential by being able to demand a premium on local products (knowledge products and physical products) because of tech/quality advantages. Unfortunately, exactly in this regard Germany is also falling back in the world. After losing leading positions in consumer electronics (80s/90s), mobile communication technology (90s/00s) and so on, little is left except from big auto, and big auto is already generating most of their profits abroad rather than at home. Frankly, it's getting hard to see what the country is wanting to sell to the world. There might be some highly competitive businesses left (see BionTech by sheer luck, a so-called and often-praised hidden champion), but that's hardly entire sectors of the economy. Again, I'm not able to discern what the selling point of Germany is supposed to be. And no politician has made any honest attempt to tell and plan instead of running on hope alone. At the moment, Germany's migration-fueled economy parts are growing based on the most primitive producitivity factor in existence --- head count. And head count is not going to be enough for the future. You need factor productivity, and that's not coming.