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Foxconn: China's days as worlds factory are done

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Bud:

--- Quote from: Kjelt on August 19, 2020, 08:37:21 pm ---I thought Foxconn was that company that replaced a million workers with robots because their workers committed suicide due to their lousy work conditions ?

--- End quote ---

Do not think the "because" was the reason. No history of cuicides at my local groccery chain but they are building a fully automated distribution center.

tooki:

--- Quote from: Kjelt on August 19, 2020, 08:37:21 pm ---I thought Foxconn was that company that replaced a million workers with robots because their workers committed suicide due to their lousy work conditions ?

--- End quote ---
Not really.

Bear in mind that when the media was reporting on the Foxconn suicides (and the nets they put up, etc., trying to drag Apple through the mud) that Foxconn's suicide rate was actually much, much lower than the suicide rate for China as a whole. So if anything, statistically they should have been having far more suicides. (And I don't mean some small amount like double: Foxconn's suicide rate was 14 per million, vs 220 per million for the country!!)

EEVblog:

--- Quote from: coppice on August 19, 2020, 04:38:02 pm ---
--- Quote from: Bud on August 17, 2020, 10:28:34 pm ---
--- Quote ---Foxconn chairman Young Liu, according to Bloomberg,... boldly proclaimed that while China will continue to be a key location for Foxconn's factories, the country's "days as the world's factory are done."
--- End quote ---

https://www.macrumors.com/2020/08/12/foxconn-says-chinas-days-as-worlds-factory-done/

--- End quote ---
This is hardly news. Low value assembly work has been moving out of China for years.
--- End quote ---

Yes, and companies have also been moving manufacturing back to their own countries for years now. It even has it's own name, "onshoring". We've been talking about it for several years at least on The Amp Hour.

pidcon:
With all these foreign companies in China moving their manufacturing back to their home country, does that mean their products will be cheaper for their countrymen but more expensive for everyone else?

I think it was only a decade ago, some economist was saying, in 1900s if you want to build wealth you have to be in NYC, then in 2000s you have to be in Shanghai/Beijing. If these companies are leaving, where is the next frontier for economic growth?

coppice:

--- Quote from: tooki on August 22, 2020, 12:10:29 pm ---
--- Quote from: Kjelt on August 19, 2020, 08:37:21 pm ---I thought Foxconn was that company that replaced a million workers with robots because their workers committed suicide due to their lousy work conditions ?

--- End quote ---
Not really.

Bear in mind that when the media was reporting on the Foxconn suicides (and the nets they put up, etc., trying to drag Apple through the mud) that Foxconn's suicide rate was actually much, much lower than the suicide rate for China as a whole. So if anything, statistically they should have been having far more suicides. (And I don't mean some small amount like double: Foxconn's suicide rate was 14 per million, vs 220 per million for the country!!)

--- End quote ---
The suicide rate at Foxconn was low by global standards, not just China's. This was just typical fake news. Latch on to a couple of cases, and blow them out of proportion. Gotta keep that click rate up.

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