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The other pattern we see is the manufacturing ladder, which has played out in Taiwan, Hong Kong, Japan, South Korea and now is underway in mainland China. You
by hinkley 2y ago
The other pattern we see is the manufacturing ladder, which has played out in Taiwan, Hong Kong, Japan, South Korea and now is underway in mainland China.
You can make a factory to make low end products. People copy you. Some employees bubble to the top, and can start making moderately decent products or quit to start on their own ideas. Eventually the low end stops being a good investment of money or people and it fizzles out in favor of luxury and specialty goods.
LG used to make the bottom shelf VCRs that you would find at Best Buy. The VCRs were branded Goldstar, the company Lucky Goldstar. When they went up market they rebranded to distance themselves from their bargain product lines. Now they have fridges that cost more than high end computers.
- lmz 2y agoThe fridges seem to have the reliability of a high end computer too: https://www.nbcwashington.com/news/consumer/fridge-failures-federal-lawsuit-cites-lg-refrigerator-issue/3552575/ https://www.nbcwashington.com/news/consumer/fridge-failures-...
- kridsdale1 2y agoAn LG Signature (the absolute top end) dishwasher caused $20,000 of damage to my kitchen two months ago. Now have Meile. LG sill makes the best Televisions, though.
- ksec 2y ago>LG sill makes the best Televisions, though. They may make best TV Panels, I would disagree they make best TV. That honour and title stills belongs to Sony. Although LG is getting close with image processing as seen in 2024 TVs.
- 486sx33 2y agoI ran a 30 year old Maytag up until last year. No problems at all. Funny how things change