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(CNN)   More than 100 years after Henry Ford figured this out, China still baffled by ways to turn its working class into consumer class   (us.cnn.com) divider line 14
    More: Interesting, Henry Ford, Greater China, Cities in China  
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643 clicks; posted to Business » on 22 Jan 2014 at 10:14 AM (34 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



14 Comments   (+0 »)
   
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2014-01-22 10:06:06 AM
Their consumer pool is 6500 miles due east and is happy to sell their souls for more. Why do they even care if they can build a base at home?
 
2014-01-22 10:17:40 AM

unlikely: Their consumer pool is 6500 miles due east and is happy to sell their souls for more. Why do they even care if they can build a base at home?


1 billion more consumer is a nice number,

CSB

My parents took a trip to China 2 years ago, their government supplied tour guide told them he really wanted an iPhone because it was made in America.
 
2014-01-22 10:22:52 AM
Well good thing here corporations are trying to reverse that now.
 
2014-01-22 10:50:15 AM
What is better for China, paying its workers a good wage and letting them become the consumer, or paying them crap and continue to let the US be the consumer? The answer is population, and the US doesn't have the economic pull that 1,000,000,000 consumers have.
 
2014-01-22 10:50:24 AM
What Ford figured out was that if each person is able to produce more, he would be able to pay them more. Ford introduced efficiency and automation into the production process. Something that unions have been fighting against ever since.
 
2014-01-22 10:52:15 AM
Well, that takes care of the dumbest thing I'll read today
 
2014-01-22 10:58:47 AM
Yeah planned kleptocracies have no clue on how to empower the people and make them rich. China is probably never going to be the #1 economic super power, because their history and culture prevent them from taking the next step.

Sadly the kleptocrats in the US are destroying it with the same stupid ideas.
 
2014-01-22 11:00:38 AM
Encourage them to drive out to the country for a picnic in their new Ford with a big sack of Kingsford Charcoal for grilling hamburgers and weeinies.
 
2014-01-22 11:20:38 AM
I can't seem to find the sources, but I've read twice now that supposedly Ford's insistence on higher wages for purchasing power was just a PR move.  The real reason was, allegedly, to reduce turnover, which he'd calculated was more costly than the wage discrepancy.  He just found a way to get even more returns out of it (good PR by bragging about it).

That said, the largest US business owners will continue to work toward turning the US consumer class into an indentured peasant class as fast as possible, until someone makes them stop or makes it too expensive to continue.
 
2014-01-22 12:18:48 PM
Migrant workers are a big issue in China. Go to any tower construction site. You will find off to the side stacked shipping containers where are used as worker barracks, sometimes sleeping three-hots-to-a-cot. Its just this short of being labor camps.
 
2014-01-22 12:43:18 PM

TheOtherGuy: can't seem to find the sources, but I've read twice now that supposedly Ford's insistence on higher wages for purchasing power was just a PR move.  The real reason was, allegedly, to reduce turnover, which he'd calculated was more costly than the wage discrepancy.


Both perfectly valid reasons.
 
2014-01-22 03:07:41 PM
China still baffled by ways to turn its working class into consumer class

Despite their laser focus on jobs, the GOP is still baffled, as well.
 
2014-01-22 04:17:49 PM
Nothing will work until they implement a broad platform of tax cuts for the rich.
 
2014-01-22 07:38:57 PM

TheOtherGuy: I can't seem to find the sources, but I've read twice now that supposedly Ford's insistence on higher wages for purchasing power was just a PR move.  The real reason was, allegedly, to reduce turnover, which he'd calculated was more costly than the wage discrepancy.  He just found a way to get even more returns out of it (good PR by bragging about it).


There's a third reason. They used to have two ten-hour shifts and four hours of downtime per day. Ford changed that to three eight-hour shifts. Increasing the hourly wage more than made up for the money the workers would lose from working fewer hours. Ford got four more hours of production per day, which reduced his cost per car and (obviously) increased the number of cars he could build. And since they sold every Model T they could crank out, it increased his profits too.
 
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