3 ms·
My grandfather worked in a metal shop for 30 years after he served in Korea. I remember him telling me they switched to Chinese made steel in the 70s because of
by legitster 3y ago
My grandfather worked in a metal shop for 30 years after he served in Korea. I remember him telling me they switched to Chinese made steel in the 70s because of the quality problems they were having with American made steel. Being out West, they were somewhat more free from the political/social/union pressure to use American commodities.
- PM_me_your_math 3y ago[dead]
- SoftTalker 3y agoProbably meant Japanese, I don't think China had much of a steel industry in the 1970s and given the politics of the time I don't think it would have been imported in the USA even if available.
- margalabargala 3y agoChina started pushing for a large domestic steel industry in the late 50s. It did not go well. https://en.wikipedia.org/wiki/Backyard_furnace https://en.wikipedia.org/wiki/Backyard_furnace
- legitster 3y agoHe specifically said Chinese. But given the era it might have well been conflated.
- altairTF 3y agoThe paradox of rights(don't quote me, i just made this up). In wealthier societies, demands for greater worker rights from the government increase. This can lead to more bureaucracy and higher labor costs, potentially making third-world countries with lower regulations more attractive for importing goods or outsourcing production. Countries already operates in a libertarian interaction with each others. I find these global economics aspects fascinating
- bluGill 3y agoWealthy countries tend to invest in automation. If you have 1/10 as many workers you can pay them 5 times as much.