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by jerrybee
2163 days ago
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Foxconn employs about 1.2 million workers in China. In Shenzhen and Chengdu, a combined Foxconn workforce of 500,000 provides labour for Apple Inc. Daily wage is ~$5 per employee. [https://www.facing-finance.org/en/database/cases/working-con...] Napkin math if you were to move 500k workers to the US and paid them $100 a day instead of $5 a day it would cost you $17B a year. Would be interesting to see how labor per unit is trending to determine if manufacturing is actually getting more automated and at what rate. |
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I think your link is also relying on data which is several years old, this is more recent and listing average hourly wages of $3.60 in China:
https://www.cnbc.com/2017/02/27/chinese-wages-rise-made-in-c...
But that's still less than a third of $100/day.
The real question is whether the required number of employees is off too, which if the numbers are from years ago and the theory that automation is increasing is true then it would be, and then as you say, how that plays out in terms of labor per unit.