Author Topic: Brandstätter NYT interesting quotes  (Read 2072 times)

Offline Rasputin

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Brandstätter NYT interesting quotes
« on: October 15, 2009, 16:10:05 »
Mad Nick showed an interesting article and it was full of info , here is just a few

NYT Feb. 2006
"Seventy percent of the world's toys are manufactured in China, according to Ms. Schauer, which raises the question of why Playmobil has not moved production there. Labor costs in Chinese toy factories average $1 an hour, she said, compared with $25 an hour at the factory in Germany."

"Yet German consumers remain in a funk. The unemployment rate is 12 percent, near a post-World War II record, and people are worried about losing their jobs."

"Ms. Schauer said she was not ready to rule out producing in China at some point in the future. But "for the next five years," she said, "we feel that it's better to make the investment here."

NYT Sep. 2007
"What the companies discovered, though, was while China’s unit labor costs were a fraction of those in the West — the equivalent of $1.50 an hour compared with $30 an hour in western Germany —"

"Playmobil’s medieval knights and Roman warriors are coated with shiny paint — brilliant reds, jaunty yellows and such — which Ms. Schauer said contained lead, albeit well below levels hazardous to children. To ensure the safety of its coating process, she said, Playmobil kept close watch over its manufacturing process."

"German banks did not want to lend money to companies to build toy factories at home."
If you hear the sound of the bell which will tell you that Grigori has been killed, if it was your relations who have wrought my death, then no one in the family will remain alive. They will be killed by the Russian people. :prays:

Offline Rasputin

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Re: Brandstätter NYT interesting quotes
« Reply #1 on: October 15, 2009, 16:14:04 »
It is amazing how form 2/06 to 9/07 the labor cost in China rose 50% and in Germany 20% that is only 1 1/2 years all while the unemployment was high .
If you hear the sound of the bell which will tell you that Grigori has been killed, if it was your relations who have wrought my death, then no one in the family will remain alive. They will be killed by the Russian people. :prays:

Offline Martin Milner

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Re: Brandstätter NYT interesting quotes
« Reply #2 on: October 15, 2009, 17:32:26 »
Feb 15 2006  $25 = €21.00

Sept 15 2007 $30 = €21.63

I've reduced the rate of wage inflation in Germany for you.  ;D

Offline Richard

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Re: Brandstätter NYT interesting quotes
« Reply #3 on: October 15, 2009, 18:00:49 »


I think that Geobra is very wise to stay out of China. IMHO, it's too bad that more companies in the US and Europe don't follow their example.

Offline Jimbo

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Re: Brandstätter NYT interesting quotes
« Reply #4 on: October 16, 2009, 00:25:02 »
Well said, Richard! :)9

Offline Gepetto

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Re: Brandstätter NYT interesting quotes
« Reply #5 on: October 16, 2009, 04:11:47 »
I have heard it said that China has become too expensive  ??? and companies are moving into Thailand and Malaysia! :doh:



Gepetto

Offline Martin Milner

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Re: Brandstätter NYT interesting quotes
« Reply #6 on: October 16, 2009, 05:46:56 »
I guess eventually the Western World will run out of countries prepared to provide cheap labour and then the reckoning will come.

Offline Richard

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Re: Brandstätter NYT interesting quotes
« Reply #7 on: October 16, 2009, 15:27:09 »



... and then the reckoning will come.



Ominous and scary, Martin ...  :0  Just in time for Halloween ...  ;D

Offline PlayMoto

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Re: Brandstätter NYT interesting quotes
« Reply #8 on: October 16, 2009, 17:49:48 »
I guess eventually the Western World will run out of countries prepared to provide cheap labour and then the reckoning will come.
Very true indeed. Shame it has to cost so much before they find that out ;-)