|
Send not to know...
|
Send not to know...
On Tue, 12 Jul 2016 09:08:08 -0400, Keyser Söze
wrote: The profit margins in goods manufactured overseas in near-slave-labor countries are enormous compared to the margins of goods that formerly were made here, and the goods made here were profitable. It's the cheap labor, the lack of real environmental controls, et cetera. I posit that for example a $2500 refrigerator made in Korea produces at least $1000 in pure profit to the manufacturer and smaller profits to the importer, distributor and dealer. I'd bet the actual manufacturing cost including plant investment, materials, and labor is well under $1000. That same refrigerator made in the USA would probably cost $1350 to manufacture. Even using 1980 profit margins, a $1350 American made product (at the factory dock) would be $5000 or more by the time it got to your door. I am not sure what you call "pure" profit but that money gets spread from the trucker in Korea, through the owner of the ship and all of the people who touch it once it gets here. The best kept secret in Detroit has always been "how much does it cost to make a car" but the best guesses were around a third of what it sold for. I know that way back in the "happy days" 50s, we were good friends with the regional manager of People's drug and the typical cost of goods coming into the stores was 40% of the retail price. Our flower store operated on much a higher margin than that, before labor and we were not really making much money doing it. Liberals do not seem to have a clue about "overhead" but that is great when you are selling a business to one. |
Send not to know...
On Tue, 12 Jul 2016 09:18:57 -0400 (EDT), justan wrote:
Keyser Söze Wrote in message: The profit margins in goods manufactured overseas in near-slave-labor countries are enormous compared to the margins of goods that formerly were made here, and the goods made here were profitable. It's the cheap labor, the lack of real environmental controls, et cetera. I posit that for example a $2500 refrigerator made in Korea produces at least $1000 in pure profit to the manufacturer and smaller profits to the importer, distributor and dealer. I'd bet the actual manufacturing cost including plant investment, materials, and labor is well under $1000. That same refrigerator made in the USA would probably cost $1350 to manufacture. I just bought a new Whirlpool. Where was it made? Not in Korea. ;-) |
Send not to know...
On Tuesday, July 12, 2016 at 12:13:40 PM UTC-4, wrote:
On Tue, 12 Jul 2016 09:08:08 -0400, Keyser Söze wrote: The profit margins in goods manufactured overseas in near-slave-labor countries are enormous compared to the margins of goods that formerly were made here, and the goods made here were profitable. It's the cheap labor, the lack of real environmental controls, et cetera. I posit that for example a $2500 refrigerator made in Korea produces at least $1000 in pure profit to the manufacturer and smaller profits to the importer, distributor and dealer. I'd bet the actual manufacturing cost including plant investment, materials, and labor is well under $1000. |
Send not to know...
Keyser Söze wrote:
On 7/12/16 9:01 AM, Boating All Out wrote: In article , says... Saw a guy in Ohio being interviewed yesterday. He works at a small, struggling company that refurbishes and rebuilds commercial machinery. He said that he has been a life-long Democrat but this time around he and most of his fellow workers are going to vote for Trump. He said that despite all the promises and rhetoric, the "Democrats have done absolutely nothing about bringing back good jobs and improving opportunities for the middle class." I think this is the heart of the Trump appeal to many blue collar workers. Today's Democrats talk a lot and make grandiose promises that win votes but do nothing to actually help the middle class. Hillary regurgitates the same old, same old. What is needed is a serious, hard core effort to bring manufacturing jobs back to the USA by making it economically desirable to the companies that currently outsource them. Except Trump isn't trusted. Hillary isn't trusted. Besides, tool and die-making is pretty much dead here. But it could come back. Then people will whine about the cost of manufactured goods. The profit margins in goods manufactured overseas in near-slave-labor countries are enormous compared to the margins of goods that formerly were made here, and the goods made here were profitable. It's the cheap labor, the lack of real environmental controls, et cetera. I posit that for example a $2500 refrigerator made in Korea produces at least $1000 in pure profit to the manufacturer and smaller profits to the importer, distributor and dealer. I'd bet the actual manufacturing cost including plant investment, materials, and labor is well under $1000. That same refrigerator made in the USA would probably cost $1350 to manufacture. How did you arrive at those numbers? A wild guess? |
| All times are GMT +1. The time now is 04:23 AM. |
Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004 - 2014 BoatBanter.com