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Six Waltons Have More Wealth Than the Bottom 30 % of America

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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby bcs89 » Thu Dec 22, 2011 1:26 pm

jonnygothispen wrote:It was my mistake...(lots of back pedaling/self-justification/blah blah blah)... it sounds like things aren't going that great for you anyway. Happy I could be your sounding board though.
....


What ever gets you through the night there j-boy :wink:
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby jonnygothispen » Thu Dec 22, 2011 3:03 pm

I don't know what your problem is BCS, but it's not me. I hope you resolve it.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby ilikebeans » Mon Jan 23, 2012 1:08 pm

Ned Flanders wrote:
fisticuffs wrote:
Do you think that Apple manufactures all of those yummy "pads" and "phones" in the good 'ol USA with apple-cheeked, sexism-free, well-paid union labor?


I'd gladly pay more for them if they did.


I read somewhere that an iPhone would cost like $3K if completely manufactured in the U.S.

I'm revisiting this discussion because there's a recent, fascinating article in the New York Times that addresses this very question, and indeed, the bigger question as to why consumer electronics (focusing on Apple) aren't manufactured here.

How the U.S. Lost Out on iPhone Work

It is hard to estimate how much more it would cost to build iPhones in the United States. However, various academics and manufacturing analysts estimate that because labor is such a small part of technology manufacturing, paying American wages would add up to $65 to each iPhone’s expense. Since Apple’s profits are often hundreds of dollars per phone, building domestically, in theory, would still give the company a healthy reward.

The larger problem is finding domestic companies that are as fast, flexible, and scalable as foreign companies when it comes to manufacturing:

When an Apple team visited, the Chinese plant’s owners were already constructing a new wing. “This is in case you give us the contract,” the manager said, according to a former Apple executive. The Chinese government had agreed to underwrite costs for numerous industries, and those subsidies had trickled down to the glass-cutting factory. It had a warehouse filled with glass samples available to Apple, free of charge. The owners made engineers available at almost no cost. They had built on-site dormitories so employees would be available 24 hours a day.

The Chinese plant got the job.

“The entire supply chain is in China now,” said another former high-ranking Apple executive. “You need a thousand rubber gaskets? That’s the factory next door. You need a million screws? That factory is a block away. You need that screw made a little bit different? It will take three hours.”

There are, of course, the trade-offs that American workers wouldn't (and shouldn't, IMO) accept: 12-hour shifts six days a week. Living at the factory in dormitories. Cheap wages.

Definitely worth a read.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby green union terrace chair » Mon Jan 23, 2012 4:57 pm

Good article. Very interesting that it's not simply a matter of "you could build it in the US and pay US wages if you raise the price by $65." Because it takes more than just that. It's the supply chain and the ability to do it all together. The actual cost difference would be much higher if one factors in the infrastructure and simple unavailability of certain mechanisms and systems of doing that China has assembled.

This is quite a quote, too:
“We shouldn’t be criticized for using Chinese workers,” a current Apple executive said. “The U.S. has stopped producing people with the skills we need.”


That bit about needing workers who had more than a HS diploma but less than a full engineering degree ... we don't train those kind of people.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby narcoleptish » Mon Jan 23, 2012 8:17 pm

Very interesting. I especially like this part:

Apple executives say that going overseas, at this point, is their only option. One former executive described how the company relied upon a Chinese factory to revamp iPhone manufacturing just weeks before the device was due on shelves. Apple had redesigned the iPhone’s screen at the last minute, forcing an assembly line overhaul. New screens began arriving at the plant near midnight.

A foreman immediately roused 8,000 workers inside the company’s dormitories, according to the executive. Each employee was given a biscuit and a cup of tea, guided to a workstation and within half an hour started a 12-hour shift fitting glass screens into beveled frames. Within 96 hours, the plant was producing over 10,000 iPhones a day.

“The speed and flexibility is breathtaking,” the executive said. “There’s no American plant that can match that.”


Can you imagine the backlash If the product in question here was SUVs or Rolex watches or guns? What if it was a yacht factory and some rich guy had changed the layout 2 weeks before it was due for delivery?

But no, it's the precious iphone. The crack cocaine of personal electronics. Those barracks dwellers should feel privileged to even work on it. Now eat your biscuit and get back to work.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Ned Flanders » Wed Jan 25, 2012 11:42 am

Obscene profit margins! Worker exploitations!

Wal-Mart? No!

Apple!

It's Eve's fault!
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Henry Vilas » Wed Jan 25, 2012 12:20 pm

Employee-to-CEO Pay Ratio Disclosure Takes More Heat.

The "job creators" are taking in a record among in salaries and bonuses. But where are the jobs? Unfortunately the jobs they create are overseas.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Peanutbutter » Wed Jan 25, 2012 12:25 pm

How many jobs did you create last year Henry?
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Henry Vilas » Wed Jan 25, 2012 12:30 pm

How many trolling comments did you post last year?
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Peanutbutter » Wed Jan 25, 2012 12:41 pm

The answer to both questions is exactly the same:

"None"
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