Discussion in 'Markets & Economies' started by JulieW, Mar 23, 2018.
no more Cooks, bots have taken them over too
Apple -10% story
^ Trump’s fault
Awesome. I so want my restaurant to have these.
Yuan Spikes To 6-Month Highs After Mnuchin's US-China Trade Comments
This is an interesting concept, if you have fewer jobs, forcing everyone to work less will mean more people will have a chance of having an income. But the only question is who will pay companies to give their workers extra paid leave?
Forcing people to work less will result in a decreased capacity to meet their needs ie the destruction of value rather than the enhancement of it.
The people from China told me that the working in Singapore is a lot more stressful as compared to China so there must be a lot of slack - people are probably only working half the time in office, playing games on their smartphones, surfing the Internet, since work in Singapore is actually not that intense if you just look at the number of people from Singapore posting on forums all day long. Of course, I'm talking in relative terms, as compared to say work in HK, Korea and Japan which is more stressful than Singapore.
So what you’re saying is that the workers are overpaid?
If that’s the case cutting wages would be a positive move then as it would significantly reduce the cost of production and drive down the price of consumer goods.
Cutting wages won't work either. The cost of many basic necessities such as grocery in China is not cheap, like milk, chicken, eggs and meat is either equal or often higher than in Singapore, and Singapore more expensive than Australia and many European countries.
Living in Australia, the US and the EU, you may not realise it, but the most important goods is not iPhones and plastic consumer goods and crap, but basic grocery, contaminated fish, meats, vegetables, fruits and infant formula milk. Yes, I forgot, clean water.
China has the economy of SCALE, so the unit costs would likely to be lower when compared
Switzerland was an ally of Hugo Chávez, and had advised him for the composition of his Constitution. Fearing that he would be unable to refine his country’s gold in Switzerland, Nicolas Maduro looked to Turkey, which transformed the raw material into bullion. In the past, this gold had remained in Swiss banks as a guarantee for oil contracts. From now on, the liquid assets were transferred to Turkey, while the newly treated gold returned to Venezuela. This orientation may be interpreted as being no longer founded on ideology, but on interest. Everything depends on who benefits.
Simultaneously, Venezuela became the target of a destabilisation campaign which began with the guarimbas demonstrations, continued with the attempted coup d’etat on 12 February 2015 (« Operation Jericho »), then by a series of attacks on the national currency, and organised emigration. In this context, Turkey offered Venezuela the possibility of avoiding US sanctions. The exchanges between the two countries multiplied fifteen-fold in 2018.
farming jobs got taken over too
trade wars continue...
US lawmakers want to ban Chinese transit cars
EU to slap €19bn worth of fresh tariffs on US goods as aircraft subsidies row escalates – reports
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