US fab construction costs twice as much, takes twice as long as Taiwan
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10 % isn’t based on anything but let’s imagine: 2-4 % military 1 % communication infrastructure, media and unbiased information 2-4 % healthcare 2-4 % food. You quickly get to 10%. Too big and you loose the benefit of free trade.
Could you try doing the same with the 90%? if life’s essentials are so easily paid for I am wondering what you think the rest is going to?
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Free trade is the best system for 90 % of an economy. I will take a dump on Trump any day, maybe twice , but having a small capacity to build your own silicon chip is mandatory in case of a military conflict. Covid wasn’t a planned military conflict and first world economies couldn’t produce mask, gown… and luckily the virus wasn’t so deadly and only a small % of the population died.
I am Canadian… by any free trade perspective it looks like we should buy our milk from countries with less harsh winter… but then we would be on our knee if an idiot decide to bully us with a duty tax.
There should be free trade for 90 % of a country gdp and elected officials can change their list of excluded 10 % every few years.
I don't know about the numbers you present, but absolutely agree that some industries are just worth supporting, from a government perspective. Cannot be reliant on a geopolitical enemy for goods that allow your country to continue to function.
I think Trump losing us allies is a travesty, but there's no guarantee during a global conflict you can get items from said allies.
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Also because Taiwan has basically slave labor like China. Also things cost more here cuz our workers have benefits and things like rights.
1950 wants its tired anti china tropes back
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Also because Taiwan has basically slave labor like China. Also things cost more here cuz our workers have benefits and things like rights.
cuz our workers have benefits and things like rights.
Who is gonna tell this stable genius how US construction actually work?
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For now.
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cuz our workers have benefits and things like rights.
Who is gonna tell this stable genius how US construction actually work?
You saying things like OSHA and fall arrest harnesses and PPE don't affect construction speed in the US at all?
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Also because Taiwan has basically slave labor like China. Also things cost more here cuz our workers have benefits and things like rights.
What rights are these of which you speak?
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You saying things like OSHA and fall arrest harnesses and PPE don't affect construction speed in the US at all?
Fun fact: Taiwan doesnt want its workers dying or disabled either
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Global foundries has a fab nearby, and all they produce are those chips for the old obsolete cars put out by Ford
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What rights are these of which you speak?
Those with which you don't have record suicide rates at workplace, probably, with workers jumping out of windows, the solution to which was to put grids like in prison. Talking of Foxconn.
I get it, people have it hard everywhere, but some have it harder, and between American and Chinese workers the relation is clear.
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Also because Taiwan has basically slave labor like China. Also things cost more here cuz our workers have benefits and things like rights.
You are correct, but people always want to believe their enemy's enemy is their friend, and if their enemy is ideological, then that enemy's enemy must be their ideological friend, and same with morality. That's never so.
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Those with which you don't have record suicide rates at workplace, probably, with workers jumping out of windows, the solution to which was to put grids like in prison. Talking of Foxconn.
I get it, people have it hard everywhere, but some have it harder, and between American and Chinese workers the relation is clear.
The difference is that Americans want rights destroyed.
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Also because we dont have the construction experience of building FAB's, and we have different building regulation and standards.
25% tariffs on steel also wont make it any cheaper.
Yes, and with all that combined twice as expensive and twice longer is kinda fine. Provided it will function.
EDIT: Except if ever TSMC Taiwan foundries' monopoly is no more, this means loss of a very specific kind of shield of Taiwan's de facto independence, which may cause a lot of interesting developments.
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Also because Taiwan has basically slave labor like China. Also things cost more here cuz our workers have benefits and things like rights.
There’s a big cultural difference. Taiwanese workers, like Chinese, Korean, and Japanese workers as well, have a much higher tolerance for long work hours and less pay.
All of these East Asian cultures have long-standing social norms against complaining and refusing to work hard. It’s a collectivist culture of work that puts the success of the company ahead of the individual’s interests. In return, companies tend to be loyal to workers so it’s very common to stay at one company for your whole career.
We westerners used to have similar values back in the 1950s and earlier. That all changed during the counterculture.
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“Free trade” means letting everyone do what they’re best at and then exchange the goods they produce. This is so that everybody is focused on what works best in their country, everything is done as well and as cheaply as possible. However this makes no guarantee about any one country’s ability, at the end of the day, to stand alone without dependencies on others for vital goods. In fact if anything it works against that.
I don’t know why Trump talks about globalism as some Democrat thing. It’s his own party that has been driving for free trade since forever.
All abstract ideas are good, and those with less assumptions are more abstract, but the problem is - nobody wants purely abstract ideas.
Pretty Victorian conditions in factories producing all those nice things we have, for example, would not be acceptable in USA.
Which means that this abstract idea is somehow mixed and divided with a border with another abstract idea.
Differently in one place and in another.
OK, I'm using a boring and long way to say that some things have to be balanced. Bad labor conditions allow cheaper production, skewing competitive balance. Tariffs or something like that can in theory balance it out back again.
EDIT: And yes, both globalism and American conservatism and what not are only in appearances divided along party lines, in fact they seem to be evenly split. Like with hedge funds, that's what makes your two-party system stable.
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Global foundries has a fab nearby, and all they produce are those chips for the old obsolete cars put out by Ford
Not everything has to be latest gen CPUs, there will always be a market for 555 timers and ESP32s
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Not everything has to be latest gen CPUs, there will always be a market for 555 timers and ESP32s
Except these are the empty headed sensors that trigger the check engine light despite the engine running just fine
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Except these are the empty headed sensors that trigger the check engine light despite the engine running just fine
"Capitalism breeds innovation"
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You saying things like OSHA and fall arrest harnesses and PPE don't affect construction speed in the US at all?
I am saying that original commenter is talking out of his.
Also, referencing OSHA here shows that you don't understand how a construction site functions. Sure there is regulations but lax enforcement, extensive usage of suncotnrwctors and less than legal labour makes all of that enforcement merely a theater.
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There’s a big cultural difference. Taiwanese workers, like Chinese, Korean, and Japanese workers as well, have a much higher tolerance for long work hours and less pay.
All of these East Asian cultures have long-standing social norms against complaining and refusing to work hard. It’s a collectivist culture of work that puts the success of the company ahead of the individual’s interests. In return, companies tend to be loyal to workers so it’s very common to stay at one company for your whole career.
We westerners used to have similar values back in the 1950s and earlier. That all changed during the counterculture.
I live in Korea. How do you define "loyal to workers?"
