Welcome again to everybody, and happy anniversary of the founding of the Communist Party of Vietnam . Make yourself at home and pay your respects to Ho Chi Minh. In the time-honoured tradition of our group, here is the weekly discussion thread.
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I feel like everyone (and maybe Marxists especially) should get a manufacturing job at one point to see how outrageous some companies’ profit margins are. I used to be a carpenter making doors. I’d make probably around 8 or so doors and hour at 13 euro an hour. Each door would sell for around 300 euro. Sure, you need some wood for that but I’d guess the average door cost around 50 euro including salary to make. It’s insanity to realize that for every 13 euro you receive you make the company like 1800 euro.
the classic “it would cost me an entire day’s pay to buy one of the widgets that my line makes a thousand of an hour”
They were at least cognizant enough to offer the devices for free to their employees. I got to be a bit vague when talking about it. Feel free to come to your own conclusions though, hehe.
I think for every 18usd the staff get, they make them well over 50,000 dollars in a day.
It truly is absurd money when each device costs like 200-600 and they ship out over a 1000 a day.