"So the Chinese chip maker employee makes what....3$ a day..2$???? $1.00... how much??? And produces how many chips a day? The packager gets 2 cents. Total cost is 5 cents.
And then there is a .15 cent markup on each chip sent back to taiwan..... so the charge of $320 worth of chips includes the markup of .15 or 75%. So there is a 75% markup earned by the subsidiary that is undoubtedly owned by HP or it's counterpart. And then HP adds another $125
markup....so all the markup is post production if I read your post #132 correctly.
Same goes for manufacturing job by wal mart. all the markup and profit is post production. The very people who make those items cannot afford to buy them even in their own country, so they are exported, and that is providing good jobs?"
There are a number of countries in which bottom level employees have an avg earnings per day of $3; these people can live on that and they choose to work those jobs. Would it make you happier if they didn't work, didn't have the $3 per day to live on and, consequently, starved? I don't think the ex-workers'd be angry about not having a PC.
If those foreign people are so happy to work for $3.00 a day then why are so many coming here illegally to work?
They realize standard of living is better here and they would rather be on the recieving end of the economics.
If we all went back to living in straw huts and log cabins, we would be able to live on less money ourselves.
However, If we keep draining our economy to pay those who live in mud huts a small wage, we will eventually fall toward their economic situation rather than bring them up to ours.
America did not become the largest economy in the world because cheapskates were running the country.