iPhone is labor intensive because Apple purposely makes it far more labor intensive than it needs to be. Most smartphone assembly is highly automated.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Apple does not know how to design computers for being easy to manufacture.
Apple's industrial designers in the US design computers in single pieces and then demand Asian manufacturers to copy them exactly. Which is not how industrial design is supposed to happen in the first place.
This generation of Chinese unlike previous generations grow up without having to suffer shortages and poverty and are very well educated. And unlike their parents won't take whatever job is on offer because they have ambitions and expectations in life.
Its not just a issue of skill mismatch but there are simply too many college graduates and not enough jobs out there that requires a college degree.
One solution is make going to college harder so there are fewer graduates each year. While college graduates have difficulty finding jobs there are sectors in the economy that have skill shortages.
This is not just only happening in China but pretty much around the world.
or elevate appropriate trades that used to be taught on an variable basis by individual companies, to 2/3 year tech degrees so everyone learns the same thing in a professional way that have skills transferable to the entire labor market.
i.e. it used to be that car and electronics assemblers were all just uneducated people but BYD is now hiring mechanical and electrical engineering technicians with tech degrees. A high school dropout fucking up a few 300k RMB cars already lost years of a tech degree income.
Caixin PMI is a much smaller dataset vs. the NBS dataset (which unfortunately was a lot weaker).
"Smart" money may leave China... smarter money goes into China.
Last edited: