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<blockquote data-quote="binky" data-source="post: 554424" data-attributes="member: 490"><p>It's not the EUs fault as such, they've just had a far more sensible approach to keeping jobs and manufacturing than our neo-liberal economic policies. The Chinese have got away with keeping their currency undervalued, don't ask me how, that's something I don't really understand. Our own business leaders are the ones responsible for sending the work to China, it's quite simple, they have the view that making things is harder than just selling things with a higher profit margin. My last job in engineering was a small factory making dental tools, the factory was allowed to make 5%, everything made was sold to the sales team who were allowed to make as much as possible, but was in fact set up as a separate company. Things we sold them for £15, they sold for £60, so they made lots of money, and the factory was starved of money to invest in improving production. Guess what happened to the factory. A more famous example is Apple, the company making all the iPhones etc is worth billions, Apple is worth Trillions. Sales and marketing is seen as more profitable than making stuff, which it is, hence the work has been shipped out to China. It's also why China is buying brand names, and trying to create it's own.</p></blockquote><p></p>
[QUOTE="binky, post: 554424, member: 490"] It's not the EUs fault as such, they've just had a far more sensible approach to keeping jobs and manufacturing than our neo-liberal economic policies. The Chinese have got away with keeping their currency undervalued, don't ask me how, that's something I don't really understand. Our own business leaders are the ones responsible for sending the work to China, it's quite simple, they have the view that making things is harder than just selling things with a higher profit margin. My last job in engineering was a small factory making dental tools, the factory was allowed to make 5%, everything made was sold to the sales team who were allowed to make as much as possible, but was in fact set up as a separate company. Things we sold them for £15, they sold for £60, so they made lots of money, and the factory was starved of money to invest in improving production. Guess what happened to the factory. A more famous example is Apple, the company making all the iPhones etc is worth billions, Apple is worth Trillions. Sales and marketing is seen as more profitable than making stuff, which it is, hence the work has been shipped out to China. It's also why China is buying brand names, and trying to create it's own. [/QUOTE]
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