Khalid Newazi
FULL MEMBER
- Joined
- Oct 8, 2014
- Messages
- 1,647
- Reaction score
- -7
- Country
- Location
The World is still the same.You still don't get it.In today's world he who innovates and leads in technology,leads the world.That "he" isn't you and by the looks it you won't be for a long time.
Take for example, you a UK company created a mobile phone charger that uses body heat to charge phone and thus never needs to be connected to an electrical outlet ever again. This charger will give you an edge over competitors. But mass producing of the charger in the UK will cost you $45 but in China it will cost $20 as they have cheaper labour lower tax rates and government restrictions on workplace environment and the actual environment, they also have the minerals that are required to make the product available. Your advertising cost is always the same i.e $6 per unit. People aren't willing to pay more than $50 and thus you have to make a choice, either make a loss of $1 or a profit of $24. You will choose China because you are looking to make profit.
This is how manufacturing still rules the World not innovation because each innovation i.e made for public use needs to be manufactured for the use of the masses.