China creates Intel-compatible, fast CPU

[ssj12]

sieanr said:

ssj12 said:

sieanr said:

ssj12 said:
frankly I agree with you on the competitive level of the CPU market Soleron but I refuse to support technologies from China that are complete ripoffs and can shovel into the rest of the market for pennies on the dollar. In the tech world China could destroy the tech industry like they have most of the industries in the USA and the rest of the world.

Holy uninformed opinion batman!

 

How so? since China has entered the market many US jobs have been exported from the USA to China and other countries due to the fact US companies cant compete with the costs of labor in China meaning that the USA lost millions of jobs to overseas workers who are willing to work for pennies meaning all imported products will automatically be cheaper then what is produced within the USA. If the Chinese people were paid wages similar to us then I wouldn't have a problem but since labor costs are cheap as heck over there they shave off the savings off the produced product making it so that even with tariffs the products will be sold cheaper. In the end it would force Intel, AMD, and in a small token IBM to lose business which could lead to layoffs, exporting of jobs, and lose in quality.

Now tell me is this a good thing? I think not.

1. Its American companies that are moving jobs to china

2. Its more than China. Its Vietnam, Mexico, Bangladesh, Eastern Europe, ect.

3. The minimum wage in China has tripled over the past several years. Workers are getting more rights.

4. Because of the above factories are beginning to close in China as American companies move production to cheaper nations, such as Vietnam.

In short these nations have underdeveloped economies, so labor is cheap. Eventually those nations will start to have a developed economy, with workers demanding better wages and working conditions (this is china now). In due time these nations will have a fully developed economy where labor costs are comparable to the US (this is japan now, which used to be in the same position as china)

Also, if it wasn't for chinese labor then you couldn't have cheap goods at places like walmart. Cheaper goods mean that you effectively have more money. There is something to be said about comparative wealth,

TL;DR - its called globalization. Look it up.

 

I know its globalization, I am taking business classes, international business is one of my classes this semester to be frank. It just doesnt mean I have to like the outcome of it till all the world's economies are balanced and companies can compete on even footing.