this post was submitted on 10 May 2024
339 points (96.7% liked)
Technology
59106 readers
3246 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's not the capitalist auto companies who are going to get hurt though. The price advantage of the Chinese companies comes from low labor costs and government subsidies, so the auto companies will just move there production to whatever country offers the most subsidies and least labor costs because in our current globalized world capital can move freely.
The real losers will be the unionized auto workers who'll be abandoned while capitalists maintain or even increase there profits in the third world. These sorts of race to the bottom always harm workers, whether it be with clothes and shein , or EVs.