Replies to post #425326 on InterDigital Inc (IDCC)

[jjff]

One last thing, manufacturing jobs was always good paying middle class work! They say this country is now a service based economy ! LOOK AROUND MY FRIEND THESE JOBS ARE BEING REPLACED RAPIDLY BY TECHNOLOGY, ROBOTICS ! Driver less cars, trucks, self checkouts, Jeff Bezos said by 2024 he will have 3,000 cashier less stores Walmart looking to go same route, tablets on tables in restaurants, robots in warehouses, ez passes! NOT A PROBLEM? WE NEED TO BRING BACK MANUFACTURING JOBS IF POSSIBLE! 30 YEARS OF TRADE ABUSE CAN'T GET FIXED IN 2 1/2 YEARS!!!!!!!!!!!!

[max411]

Hey DT Wannabe, thanks for the nickname. Nice to see that you are in lock step. IDCC needs an independent agreement without government intervention.

[olddog967]

jjff: Your friend paying $0.31 an hour in China 3 years ago (i.e. 2016), must have been running a real low class sweat shop.

"According to Euromonitor, Chinese hourly wage hit USD3.6 in 2016.

Chinese factory workers are now getting paid more than ever: Average hourly wages hit $3.60 last year, spiking 64 percent from 2011, according to market research firm Euromonitor. That's more than five times hourly manufacturing wages in India, and is more on par with countries such as Portugal and South Africa.

https://www.quora.com/What-is-the-average-hourly-rate-for-a-factory-worker-in-China

[la-tsla-fan]

jjff, my son ran a software company he started. He became a major force in "outsourcing". Guess what? After five years of battling quality problems and the difficulty of communicating customer requirements, he gave up and brought all the jobs home. He sold his company to Capital One about four years ago..

Those wage differentials are typically not as large as the example you provided. In my son's case, the labor savings per hour were about 50-60%.