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I would also love to know the real reason why US manufacturing seems to be so much more costly than it is anywhere else, even after adjusting for wage differenc
by stocksinsmocks 1y ago
I would also love to know the real reason why US manufacturing seems to be so much more costly than it is anywhere else, even after adjusting for wage differences.
- johnnyanmac 1y agoIt's not that drastic after wage differences, but bringing manufacturing costs down requires efficient, reliable supply lines. Nothing in the US has been that way for decades given the incentive structure of corporate America.
- klooney 1y agoThe purchasers for buses, trainsets, etc., are bad- lots of unnecessary customization, last minute changes, low volume, etc. This drives down efficiency across the system.
- stocksinsmocks 1y agoIsn’t that true in other countries though?
- rsynnott 1y agoRE volume, a couple of years back, Ireland, a country of a little over 5 million people, recently made an order for 800 electric buses over five years via the national transport authority. Meanwhile, the transport authorities in the article, in a country with 340 million people, made orders for 10 and 17 buses respectively. Now, I think Ireland's extreme centralisation on this is unusual, but the US's approach of having loads of absolutely tiny transport authorities is, too.
- AngryData 1y agoBecause US manufacturers/investors demand high profit margins and expect it to increase every year, if not every quarter. If a company makes the same profits year after year, US investors consider it a dead end if not a complete failure, despite the fact that everybody involved in the business is making money