 | | Re: Massive Layoffs At Lego (in Enfield, CT)
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(...) I'm sick to death of this equation of manufacturing in poor countries being eqivalent to slavery/evil/whatever. It is quite possible for a company to employ people at a good local income in a country where the cost of living is lower and still (...) (18 years ago, 23-Jun-06, to lugnet.off-topic.debate, FTX)
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| | Re: Massive Layoffs At Lego (in Enfield, CT)
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This recent article on Sweden seemed relevant, though Denmark is compared somewhat favorably, I still wonder about the jobs numbers. (URL) retained the world's highest taxes, generous social security systems and a heavily regulated labor market, (...) (18 years ago, 24-Jun-06, to lugnet.off-topic.debate, FTX)
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| | Re: Massive Layoffs At Lego (in Enfield, CT)
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(...) Fair enough - cost savings can be achieved. If all this new work resulted in standards of living increasing in the countries the jobs were farmed out to - wouldn't the wages then have to rise to compensate? Then what would be the long-term (...) (18 years ago, 24-Jun-06, to lugnet.off-topic.debate, FTX)
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| | Re: Massive Layoffs At Lego (in Enfield, CT)
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(...) Yes the wages and costs would rise with time. The extra money generated in the meanwhile can be used for internal job creation and raising of standards. If the business costs become too high then the business can move to a new lower cost (...) (18 years ago, 24-Jun-06, to lugnet.off-topic.debate, FTX)
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| | Re: Massive Layoffs At Lego (in Enfield, CT)
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(...) Definitely China has a massive and booming middle class. the current generation of children are called the spoiled ones, because parents in the big cities (by law) are having only one child and giving them everything they didn't have while (...) (18 years ago, 28-Jun-06, to lugnet.off-topic.debate, FTX)
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