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Author Topic: Noodle factory in VN  (Read 163 times)

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Offline CoconutXO

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Noodle factory in VN
« on: February 06, 2020, 10:38:26 PM »
The automation looks up to date.

Instant noodles are fried then go into packaging.


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Re: Noodle factory in VN
« Reply #1 on: February 07, 2020, 03:54:03 PM »
job creation is not happening fast enough in VN.  Automation will deplete any low skill advantage Vietnam is touting to the world.

Offline gaden

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Re: Noodle factory in VN
« Reply #2 on: February 08, 2020, 11:13:50 PM »
It's just normal instant noodles.  It's all in the spices.  They should make instructions to add fresh meat.

Offline CoconutXO

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Re: Noodle factory in VN
« Reply #3 on: February 10, 2020, 01:42:10 AM »
Machination of industries is the foundation for a great economy.

Automation raises efficiency, productivity, and wages for workers, resulting in higher standard of living with more products and amenities available to average consumers.

Industrialize countries have machines doing all the work.



Affordability makes life much easier.

High productivity = material things are less costly = more disposable income



Quote
High-income countries are more technologically advanced, and thus more productive, than low-income countries, and the advantage of high-income countries is greater for the tradable goods than for the non-tradable goods. According the law of one price, the prices of tradable goods should be equal across countries, but not for *non-tradable goods.

Higher productivity in tradable goods will mean higher real wages for workers in that sector, which will lead to higher relative price (and wages) in local non-tradable goods that those workers purchase. Therefore, the long-run productivity difference between high- and low-income countries leads to trend deviations between exchange rates and PPP. This also means that countries with lower per capita income will have lower domestic prices for services and lower price levels.

*Typically, non-tradable goods include such items as electricity, water supply, all public services, hotel accommodation, real estate, construction, local transportation; goods with very high transportation costs such as gravel; and commodities produced to meet special customs or conditions of the country.

https://www.investopedia.com/terms/b/balassasamuelson-effect.asp


Offline gaden

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Re: Noodle factory in VN
« Reply #4 on: February 11, 2020, 07:39:25 AM »
Machination of industries is the foundation for a great economy.

Automation raises efficiency, productivity, and wages for workers, resulting in higher standard of living with more products and amenities available to average consumers.

Industrialize countries have machines doing all the work.


What would all the dumb people do?  10% are engineers, 20% are doctors, 0.5% are evil masterminds, 5% will be factory workers, 1% will be farmers, that leaves 64% dumb people standing around and flipping their fingers over the phone.

Offline CoconutXO

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Re: Noodle factory in VN
« Reply #5 on: February 11, 2020, 11:43:43 PM »
Surplus labor goes into the service industries.

Teachers, accountants, sale people, entertainers, waitresses, etc.

Higher living standard comes with better methods of production.

 





This also means more free time for personal interests and hobbies.










 
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