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by michaelt
223 days ago
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> - Poor quality management. [...] So the best and the brightest were not interested in manufacturing. There's also the challenge of the Baumol effect. When hiring engineers in the UK, manufacturing companies are competing for smart, numerate graduates against the likes of Google and Facebook and HSBC and Barclays. But when selling products, manufacturing companies are competing against the likes of Foxconn - so they can't just raise prices to raise salaries. |
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