Comments by "Bitcoin Zoomer" (@bitcoinzoomer9994) on "Business Insider" channel.

Welcome to developing nation
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It will happen if the demand is there and the market is left free. Literally all it takes is some guy with a few thousand dollars to buy wood tools, get a place to work and just promice twice the pay, all the best carvers will go there and the exploiter here will get the rug pulled from under him lol
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This is not high value labor. Basic economics dude. If their skills were worth more, they could demand for higher wages, but they aren't, since people aren't wiling to spend that much on chess sets
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@cozycowboy No incentive? Almost as if there is no real demand or market for it. It's too much of a niche, you can't expect everyone to get good wages, sometimes some things are just not wanted, and this honestly seems like one of them. I don't really think anyone would care if they started using plastic pieces or reusing the same wood ones every year. The free market is clearly saying that this is an unneeded industry. Welcome to capitalism.
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@fionna9891 Because few people can make it and few people want it. This is basic economic guys, come on.
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It isn't Marijuana business. It's business. Overregulation is killing all American industries.
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So some other businessman willing to raise the price to get better carvers will win out. Welcome to capitalism, sometimes businessmen fail
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@phaartt Yes they are compensated for their labor, much more than the average Indian worker, and definitely much more than enough to feed a large family. It is not a skill that is in high demand. The niche is tiny. If their labor is worth more, they can demand better wages. If they can't demand better wages, then their labor isn't worth more. There isn't any corporate industrial system enabling the owner to exploit the workers. This is pure and unadulterated free market. The workers have all the power here, it is impossible for him to exploit them. The reason that he can't find any workers is because the demand is simply not there. Don't lecture me about economics when you know damn well you can't even begin to pretend you know shit.
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@adallie3233 This is just life is. It doesn't matter when or when, the early industrialization is a difficult time for the workers, but without it you can never get to the superior comforts of industrial society. It is a sacrifice all generations in early industry must make for their children to live better lives than them
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This is not highly valued labor. If money was put into marketing people into caring about it being made by hand, perhaps it would be worth more, but realistically, this is easily mass produced by machines much faster and better quality
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@pewpewkad7 It's fair pay. If its so difficult, they can just ask for more money since they have the skills. If they can just be replaced by any other, then the skill isn't so rare is it?
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Free sulfuric acid
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What a great idea, replace the roads with plastics so they break more easily and constantly wear down into microplastics that can seep into our ecosystems!
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Everything from Japan is expensive lol
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Because the market's not interested in purchasing it. The demand is not there, so the skill has not enough value. If they were really that valuable, they could demand for higher wages, and they probably are already getting as much as possible. If the demand was really there, another business willing to pay more would just steal all the workers away for higher wages, but alas, people don't buy 500$ chess sets.
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@FlyLeah You realize that 25-50 is like getting six digits yearly here right? 5 dollars an hour is twice the average in india, and it is much more than the living wage there
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@phaartt The workers are making a very good living compared to the average, and way more than a living wage in India. How you expect anyone to believe you when you don't even realize this fact which it at most 2 google searches away amazes me.
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@aneurysm234 Ad hominems are not arguments. I'd accept an insult within an argument, it is the comment section after all, but you simply insulting is just showing everyone that I've won the argument lol
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@Kar90great Minimum wage in india is about 2.80 dollars per DAY. Jesus christ how is it so difficult to just look something up for 3 seconds jeez
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@phaartt Literally type in: "Average wage per hour india". The first result says it is less than 2 dollars an hour
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David lr bawlte You're either lying or way above average
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@Maxawa0851 These workers need tools, 3%, the machines need to be bought and upkept 10%, then products need to be packaged, so 1% more, then they need to be moved to port 5%, then they need to be shipped 10%, and they must be marketed 30%. Overall, the profit would be around 60%, which really isn't much since you are selling less than 10,000 dollars worth of products every year for a lot of time and effort.
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@Maxawa0851 It just takes time. Yes, they are not paid very well, they can live off it, though not at a very good standard though. The solution n just takes time, and it involves basically doing what China has taken advantage of, without the authoritarianism, population control, or corporatism: India's population need to keep growing. As it grows, labor will be cheaper, so industry will move there. India has a much younger and bigger population than China, so their industrial boom will be much bigger and better for the people than in China, and will last much longer. As long as India doesn't stifle their population growth, they may be the next world superpower by the end of the century.
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@Maxawa0851 Extreme poverty will likely be gone by the mid 2030s, according to the UN, by the end of the 21st century, poverty as we know it will be completely eradicated. By the year 2100, all of asia will be deindustrializing as Africa begins to take the role of the world's factory. Likely, by then, all conflicts will be confined to the rising powers in Africa, and much political instability around the globe will be hampered because of interplanetary colonization, seeing a period of political stability similar to Europe's when radicals were able to simply relocate to the new world and other colonies.
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@dannytran1587 The Chess market can't crash, it can't go any lower.
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Untrue. If their work was valued higher, the best workers could demand more money since they have the skills.
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@peeyushverma2284 Why would they have to quit? Just demand for better prices. If your labor is worth it, the boss will have to give you your money or see you get another job. If there aren't any other jobs with that payment, then is it such a bad deal? The average wage per hour in India is 180 rupees. They are earning just a bit over twice that. Their wages are equivalent to getting paid 25 an hour in America, and that's really good when you consider how much less living costs are there.
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That "recycling would make asphalt weaker" is 100% big oil BS.
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That's fair
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@prateeksharma6706 They are getting paid fairly, it is impossible for them to not be getting paid fairly. If the skill is rare, they will get paid as much as possible, if it isn't, then they won't be
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Fairly.
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Scom Tott They are actually getting paid very well by Indian standards, commie
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@jaypostsvideos4011 Bullshit. They get paid twice the average wage. If it was that easy, they'd leave, and if their labor was worth more, they would negotiate better wages. The owner would be forced to give it to them according to how special their skills were. This shouldn't be basic economics, this should be common sense.
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@jaypostsvideos4011 The average wage is 180 rupies per hour and they are getting around 370 an hour. If there are so many employees that the wages are non-negotiable, then guess what, your labor isn't worth more. If anyone can do it, and there's a lot of people willing to, the wages will be low. Supply and demand. Not everyone gets a good wage. On the other hand though, cheap labor would mean cheap businesses, but I imagine India doesn't allow unchecked entrepreneurship, which is why there are so many unemployed.
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@jaypostsvideos4011 Globalism, isn't it great?
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Did you skip over the part where they explained the lake was sulfuric acid? It'd melt the ocean balls, plus it would be too expensive. If they had the money for it, they'd just drain and cover it, but clearly they're just going with the cheapest option.
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This is how the master skilled workers of europe worked back in the day. Only a matter of time before some guy with two braincells raises the wage and steals all the best carvers lol
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