cross-posted from: https://lemmy.ml/post/6745228
TLDR: Apple wants to keep china happy, Stewart was going after china in some way, Apple said don’t, Stewart walked, the show is dead.
Not surprising at all, but sad and shitty and definitely reduces my loyalty to the platform. Hosting Stewart seemed like a real power play from Apple, where conflict like this was inevitable, but they were basically saying, yes we know, but we believe in things and, as a big company with deep pockets that can therefore take risks, to prove it we’re hosting this show.
Changing their minds like this is worse than ever hosting the show in the first place as it shows they probably don’t know what they’re doing or believe in at all, like any big company, and just going for what seems cool, and undermining the very idea of a company like Apple running a streaming platform. I wonder if the Morning Show/Wars people are paying close attention.
“Let’s talk about all the cheap Chinese labour that Apple uses despite being the 10th richest company in the world.”
“Let’s not.”
Chinese people deserve jobs too. Comparative advantage is a good thing that helps everyone involved.
The Yuan is currently trading at 7.32 to 1 USD
Companies that appease the CCP are the problem, not companies that leverage exchange rates to better lives globally.
Chinese people deserve good jobs, not jump off of a building to kill yourself, but wait your the 4th person to do that this month so they installed a net jobs.
I am questioning where I supported Chinese government policies here?
Because the initial concern was pay, and that’s due to not understanding economic factors. I don’t support Chinese labor regs at all.
In fact I said
“Companies that appease the CCP are the problem” which I also thought was a nice little pun, given the show being discussed.
I wonder why labor is cheaper in China.
Two big reasons
1: currency exchange rates
2: China is sill fundamentally agrarian and industrializing, and many workers are looking for (comparatively) higher pay
How is that a pun?
The show that Stewart walked out on is “The Problem with Jon Stewart”
Chinese people also deserve to not be sent to internment camps.
Yeah totally. Fuck the Chinese government.
Yes, fuck the Chinese government.
And the corporations, both Chinese and American, that help support it.
Depends on what that means imo. Global trade theoretically supports the Chinese government, because money is fungible, but is a net positive all around.
The Chinese will never stop clinging to autocracy without wealth of their own.
The “Chinese” will never have wealth, ask Jack ma.
The ccp would burn China to the ground before releasing an ounce of their power and stolen wealth.
That is not an excuse to stop trying to empower the Chinese to rise against their hellstate.
Capitalism broke the USSR and it will break the CCP.
No, just like capitalism didn’t break the states that later formed the confederacy.
Even after they lost formal slavery they put horrible policies into effect like Jim crow and share cropping that allowed them to keep slavery in all but name, but were entirely compatible with capitalism.
Haiti understands this.
We need to stop enabling authoritarians, who do you think taught them how to build the great firewall, they bought literally all of their technology till now from us.
That means nothing without knowing the total supply
It means everything when talking about people’s pay.
For that you need 2 data pieces:
You then use the second to convert the first into US Dollars so that you compare the Chinese salaries in USD to American salaries is USD.
Merely the second piece of data wIthout the first means nothing if you’re trying to compare salaries.
For example, before the Euro the Italian Lira used to have a cross currency exchange rate with the dollar which was thousands of lire per dollar and that didn’t mean Italians in the 80s were incredibly poor: because for every dollar the average US worker received in their salary the average Italian worker got thousands of lire, all put together mean they got about 1/2 to 1/3 of a US salary rather that the 1/1000 that by your the exchange rate alone suffices “logic”.
By the way, that cross currency exchange rates are meaningless to compare incomes or costs without the actual incomes and prices in the local currency, is really, really, REALLY basic financial knowledge.
You don’t need to do this because you only need to look at the fact that those jobs are competed for to see that they are desirable.
Wage parity isn’t a meaningful discussion when discussing comparative advantage. Too many other factors come into play.
Okay but you realize that any job would be competitive in situations of poverty right? That’s why you need the second data point.
That’s specifically why comparative advantage is a good thing - lifting people out of poverty is a good thing.
To fully measure Comparitive Advantages, you must include the differences in manpower costs, which brings us back to salaries (plus, since this is to compare manpower costs, you also need things like the employer-side tax costs such as social security payments), which then needs to be converted to a single currency using cross-currency exchange rates.
Further, every single monetary elements of calculating Comparitive Advantage which is in local currencies needs to go through those cross-currency exchange rates in order to be comparable.
There is no way you can calculate comparative advantage merelly with the single datapoint which is a cross-currency exchange rate because all that tells you is the relation between two units of measurement and says nothing about the actual quantities being measured.
As I said, this is incredibly basic financial stuff.
To give you a really basic non-financial example which hopefully will make you understand it:
What you wrote in your original post is equivalent to saying that “The farm in Britain produces more milk because 1 pint = 1.759754 liters”.
You don’t know anything about how many pints the British farm produces, or about how many liters the Dutch farm produces, yet you claimed the ratio between two measurement units is enough by let you draw conclusions about production numbers even though you used no prodution numbers.
If I was to bet I would say you’ve read some articles about how the exchange rate of the Yuan vs USD is kept artificially low to increase the competiviness of Chinese exports, didn’t quite understand how it works and still thought you knew enough and applied it were it wasn’t applicable and/or in the wrong way.
No I just work in international business and know hy we outsource certain roles.
You keep pretending you know more about this, and you’re describing irrelevant things. I took econ/IB in college too, bud. Lots of people do.
Since we’re pulling rank, I worked in Finance, specifically the Investment Banking and the Funds industries, some of which being very well know names (Fidelity, Deutsche Bank, even Lehman Brothers back when they still existed), always in the EMEA divisions which, unlike our US colleagues, deal with cross-currency trades all day every day (because EMEA actually means Europe Middle-East and Asia, so it’s a lot more than just trades on USD priced assets, for USD books, settled in USD).
So I’m quite familiar with exactly what cross-currency exchange rates mean, and it’s painfully obvious that you have absolutelly no clue what you’re talking about when you’re quoting a cross-currency exchange rate by itself and claiming that alone is proof of comparitive advantage.
Companies in China ARE the CCP. Nothing is actually privately owned. Everything is owned by the government, so giving any money to a company in China is supporting the CCP.
Lots of foreign companies have branches in China, including most global corps
True, but that is completely irrelevant to the topic of whether it is ethical to use cheap Chinese labor. Those branches are not the ones employing cheap labor from the blue collar workers in China. Those are almost entirely white collar jobs, and many of them are in place specifically to work with the local companies who DO employ the blue collar laborers. The sweatshops aren’t OWNED by Nike or Gucci or Apple. They are contract facilities owned by a CCP-backed corporation.
Sure but that level of contracting is not contributing to the CCP so much as to the Chinese people
It’s ethical to employ any sort of labor
did this mfer just imply slavery is ethical
Slavery isn’t employment
You didn’t say employment. You said labor.