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Corbynomics: A Dystopia
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Manufacturing is interesting as when done right it doesn't employ many people, but neither does it make huge profits.
Engineering, which is what drives both the products and the manufacturing capability, is where we should be investing.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Possibly worth pointing out on this thread, as many of these articles are being used to base opinions on that the Telegraph has been ordered to run a prominent correction on a Jeremy Corbyn story they were running (one of the hundreds!)
The press standards organisation have stated that the article the telegraph ran was "significantly misleading"Ipso ruled that the article stated “prominently and without qualification” that Corbyn was “antisemitic”.
“The coverage was therefore significantly misleading,” said Ipso. “This misleading impression was not remedied by the quotation of the [full] remarks elsewhere in the article. The newspaper had distorted [Lewis’s] comment on this issue.”
The press regulator ordered the Daily Telegraph to publish a correction online and on page 2 in the newspaper.
In addition, Ipso said that the print edition should include a “front-page reference” to the correction because that is where the original article had appeared.0 -
gadgetmind wrote: »Manufacturing is interesting as when done right it doesn't employ many people, but neither does it make huge profits.
Engineering, which is what drives both the products and the manufacturing capability, is where we should be investing.
Lost much of the skill base. Something that won't be reversed instantly.0 -
Why do large or advanced economies need to manufacture stuff? The money is in design, marketing, servicing and sales not manufacture.
Many of the largest companies in the world don't manufacture anything. Think about how Apple makes its money for example, it ain't by putting printed circuit boards and parts into aluminium and plastic boxes.
Outsourcing may be great for shareholders, but it has been devastating for the American heartlands.
http://mobile.nytimes.com/2015/10/04/opinion/sunday/the-hypocrisy-of-helping-the-poor.html?_r=1
Apple makes around a 2/3 profit margin on every iPhone. There is no reason why they can't manufacture in their own country, where the minimum wage is $7 an hour.
The best thing Americans could do is refuse to buy any more Apple products until they insource their manufacture.0 -
ruggedtoast wrote: »Outsourcing may be great for shareholders, but it has been devastating for the American heartlands.
http://mobile.nytimes.com/2015/10/04/opinion/sunday/the-hypocrisy-of-helping-the-poor.html?_r=1
Apple makes around a 2/3 profit margin on every iPhone. There is no reason why they can't manufacture in their own country, where the minimum wage is $7 an hour.
The best thing Americans could do is refuse to buy any more Apple products until they insource their manufacture.
why do you wish harm to asian people who would then lose their jobs?
are not all people of the world the same and equally worthy?0 -
ruggedtoast wrote: »Apple makes around a 2/3 profit margin on every iPhone. There is no reason why they can't manufacture in their own country, where the minimum wage is $7 an hour.
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All the hi tech stuff is done at home in the USA. Apple outsources the low tech high volume activity such as assembly. In China Iphones are made assembled for less than $7.0 -
Thrugelmir wrote: »All the hi tech stuff is done at home in the USA..
Several of the key IP suppliers to Apple are in the UK.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
How do you supply IP?Left is never right but I always am.0
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Mistermeaner wrote: »How do you supply IP?
Via IP licensing contracts, how else?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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