4 ms·
A quarter million workers is pretty unfathomable to me. I'm an engineer at a company with over 6,000 manufacturing workers in one location and that seems enormo
by krschultz 15y ago
A quarter million workers is pretty unfathomable to me. I'm an engineer at a company with over 6,000 manufacturing workers in one location and that seems enormous.
The video mentioned $14 a day for the workers. In the US it's a lot closer to $20 an hour, or $160 a day.
$146 a day difference, * 250,000 = $36.5 million a day difference in direct labor costs. That turns into a couple billion dollars a year. It's staggering.
- coob 15y agoI'm sure if you have to pay more for labour then expensive automation becomes a lot more worthwhile. You'd have fewer workers to pay more to.
- krschultz 15y agoCertainly true, I'm mostly marveling at the scale.
- woohoo 15y agoThey offer free housing and food (plus the tax structure is totally different etc.) so it isn't a direct comparison (but still a big difference).
- mturmon 15y agoEven the most minimal benefit structure in the US has got to outstrip free housing and food at Chinese rates. FICA employer contributions, state disability insurance, etc.
- woohoo 15y agoI'm sure it does. However don't assume housing is worth nothing. Right now housing in Shenzhen is more expensive than Hong Kong.