So I am interested in learning how to make socks.
It cannot be that hard.... First of all, HA! WTF is going on with all of that? Still gonna try.
Noggin gets to kicking though and realize that machines make most of the stuff now and I am curious because all of this innovation and some how things keep getting more expensive.... I am pretty sure Ford came up with the assembly line to make manufacturing more efficient to offset wages in a positive manner while lowering consumer price..
So like I guess like a couple questions about socks... Anyone know what their deal is or whatever?
Simple, we used to live in a world where a company's profits were around 10%.
If the company became more profitable they would pass those savings on to their customers.
Nowadays they charge what the market will bear, so we have items that cost 10p/15c to make, yet sell for £20/$30, because they can.
The UK is often referred to as 'Treasure Island' because we pay so much more for just about eveything than anyone else in the World.
E.g. before fuel prices spiked, we were paying £1.30/litre. That's roughly the equivalent of $6.50/US Gallon, and fuel prices influence the price of everything.
This always bothered me. They are willing to create a surplus in the supply to charge as much as possible for few sales vs offering at a closer to margin price and selling at least a few more units. When you consider that they do charge $20 for something that cost maybe $1 to produce it is almost like they are trying to enforce a class society instead of free market capitalism while shooting themselves in the foot for potential profits through selling more units. I feel like if they sold the ps4 for $150 they would have done far better for profits overall, and potentially even upfront as well if supply was large enough for actual demand vs created demand.
You know anything about socks though?