8 ms·
-assuming $1 per hour Unskilled/semiskilled laborers in India don't make anything close to that. You are also missing the part where he is distributing produc
by ajju 15y ago
-assuming $1 per hour
Unskilled/semiskilled laborers in India don't make anything close to that.
You are also missing the part where he is distributing production to poorer manufacturers who are willing to take a smaller profit, and thus pushing the market price down. Any commercial entity that buys the $500k machine will not want to get into a race to the bottom in pricing unless they are forced to do so. These distributed units which are run by poor women who don't want/need corporation level profits will force that race to the bottom. In the end, the big machines will likely prevail but prices will be much more reasonable.