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Interesting - the Chinese economy isn’t known for efficiency or discipline. It’s known for its massive scale.

China has been trying to increase its economic efficiency and discipline, but generally failing.

https://www.google.com/amp/s/www.cnbc.com/amp/2019/09/19/chi...



I saw someone make an interesting comparison on this.

In the West, when they think of efficiency, they think of using robots and automation to remove human labor. Labor costs go down, quality goes up, profits go up. Get rid of pesky factory workers and their need for benefits.

The goal in the West, is to maximize profit, above all else.

Whereas with China, when they think of efficiency, they think of production output ratio in mass production. Meaning, how many people can they employ, along with automation and mechanization, in order to massively increase production output.

Humans are more adaptable than robots, and can be repurposed to operate another machine. Quality is not as high, but it may be acceptable. The gain is in mass market share, at a lower cost. And at some point, their higher end manufacturers will automate and compete on par with their western peers.

The goal in China, is to maximize output. Massive profits can come later.




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