SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Haim R. Branisteanu who wrote (38969)9/30/2003 6:07:21 PM
From: Maurice Winn  Read Replies (2) of 74559
 
Haim, even if children cost nothing, they can't replace machines. <Most products have a relative low direct labor content today, but if child labor is cheaper than cost of capital invested in manufacturing equipment, we are facing a problem >

A computer chip has to be made in a super clean factory worth $billions. Children, or adults, can't sit unpaid in the dirt in India making ASICs or Toyotas or digging oil.

Also, children working is a good idea and they should start before they are five so that working is intuitive. Work and education go hand in hand.

Minimum wage laws are a stupid idea. Everyone has a different value and there is no minimum. Some people have negative value and must be kept in cages all their lives to stop them harming others. I worked at Auckland Sheltered Workshops a few decades ago and those people weren't worth a minimum wage, though some of them could do some simple jobs. That was a place for mentally and physically handicapped young adults.

So, was that a joke about damaging China's productive capacity as suggested by Pearly Button? It seemed as though you actually thought it a good idea. It was me who mentioned the noocular attack option to reduce China's productive capacity. What method would you recommend?

My opinion is that China, India, Pakistan and Indonesia aren't part of a problem. They are part of a solution which is humans versus the cosmos, which is out to get us. I like buying cheap stuff Made in China. I don't see a problem with that.

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News