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In the last century Henry Ford became the richest man in the world by building automobiles. He took a couple of hundred dollars in parts and built a six-hundred-dollar automobile. Duesenberg took a thousand dollars in parts and built a ten-thousand-dollar automobile. It doesn't cost that much more to build a Lincoln than it does to build a Ford and the difference is pure profit. You take eighty dollars in parts and build an X-box and when the market becomes saturated you build a new X-box. All you need is a building with some semi-skilled workers in the Asian mainland and the money rolls in.
In the old manufacturing economy, you had worries about labor strife, environmental laws and government intervention but on the Asian mainland that's as obsolete as a Model T. It's almost a quaint the to think about. A cellphone factory was using a toxic chemical to clean the glass before installation. They could have used alcohol, but it took too long to dry but the toxic chemical made people sick and only a few workers actually died. The difference in drying time between the alcohol and the solvent was seconds.
I'm not going to discuss the merits or demerits of Capitalism. Only to say Capitalism works best when the boss decides how long the shifts are. When the boss decides what kind of solvent to use. When the boss decides a fair wage. The profits from manufacturing are tremendous, you are literally taking ten dollars and making it into a hundred dollars. That's real money that is really in your economy. And making more every day. The huge automated car washes in your town wash your car for ten or fifteen bucks. Their cost to wash your car is seven or ten bucks. They're lucky to make thirty percent on a sale and on days when it rains or snows, they make nothing.
More At: https://carbonbaselife.car.blog/2020/02/08/the-private-economy/
