Re: PING! Michael

On Sun, 24 Nov 2024, dsi1 wrote:

On Sat, 23 Nov 2024 23:51:15 +0000, Michael Trew wrote:
>

On 11/23/2024 9:33 AM, Janet wrote:

In article <674134ab$1$3474736
$882e4bbb@reader.netnews.com>, michael.trew@att.net
says...

 Sorry for the DSI1 style slide off-topic, but I guess my point is that
we could make our own televisions and electronics in the US again, like
we did in the "good 'ole days".

>
   All that's changed since the good ole days, is that
  China now produces 60% of the world's rare earth elements
supply and processes 90% of it.
 Plus, China has spent the last half century using modern
technology to highly educate and train a gigantic
workforce.

 While the Chinese throw notion of child labor laws to the wind, paying
children bottom-dollar wages, bunking in boarding rooms, laboring 18
hour days to create electronics...  For the first world to buy at a
marked up premium.  I think there is somewhere near $30 worth of parts
and labor into the $1,000+ iPhones that Apple sells.

>
It cost about $550 to produce an iPhone these days. They sell them at
about a 50% markup.
>

Wow, talk about the cost having come down! I thought the margins would be at least 100%! We can thank the chinese for that! =)