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One of the goals of the current U.S. administration is to drive back manufacturing to the United States with the use of import taxes known as tariffs. However, when it comes to the toy industry, that may never happen (according to Mattel.) Mattel’s stock has taken a blow since the U.S. Tariffs were announced on the 2nd of April. In response to that stock dropping approximately 19%, Mattel CEO Ynon Kreiz spoke with CNBC in regards to Mattel’s path forward through these tumultuous times. While Mattel plans on reducing their toy manufacturing in China from 40% to less than 25%…
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How much would these figures cost if the were made here in the US. 1 dollar more? 5 dollars more? 10 dollars more? All worth it if you ask me.
Tariffs won't bring manufacturers back to the United States but incentives will. Tax breaks will. Neither are being offered by the current administration. And since so many resources are produced internationally (like plastic and steel from China) those companies/manufacturing jobs are most likely gone forever. Tariffs will only make things worse.
How much would these figures cost if the were made here in the US. 1 dollar more? 5 dollars more? 10 dollars more? All worth it if you ask me.
Are there companies that make toys in the United States that can be used for comparison?
If you set your goals ridiculously high and it's a failure, you will fail above everyone else's success. -James Cameron
People are living in lala land if they think this is gonna bring back manufacturing back here. Those who actually think that will happen will have a heart attack when they see the prices of that item made here. Those are the same whiners who went crazy when burger flippers wanted a decent wage.
The only good thing that has come out of this crap is knowing who i want to spend my money with. Theres been a few companies that i will not buy from or their products, with them charging extra for “tariffs” for shit that they have had in stock forever. Its just not toy companies doing this shit. Fine, we dont like this but we all understand, charge extra for stuff that will be under these tariffs. Not for shit thats been sitting.
Mondo did it right and explained it easy. Whats in stock= no charge. ALL Preorders before a certain date= no charge. New items/new preorders= an extra charge. Its not that hard to be not be scummy.
Then the other issue is, everyone needs to stick to their guns and when they say, they wont buy anything, DONT BUY ANYTHING. If people go their same way and buy with these charges, and when they tariffs magically go away, do you think these companies are going to lower prices? If they do, not by very much. They will see things did sell at a higher price and keep those high prices.
People are living in lala land if they think this is gonna bring back manufacturing back here. Those who actually think that will happen will have a heart attack when they see the prices of that item made here. Those are the same whiners who went crazy when burger flippers wanted a decent wage.
What is a decent wage for burger flippers?
What is a decent wage for burger flippers?
One on which someone who is working 40 hours a week can support themselves.
What is a decent wage for burger flippers?One on which someone who is working 40 hours a week can support themselves.
You're talking livable wage. Follow this chart for how to pay a burger flipper.
What is a decent wage for burger flippers?One on which someone who is working 40 hours a week can support themselves.
You're talking livable wage. Follow this chart for how to pay a burger flipper.
Try more then double the cost. Are you ok with paying $50 for a masterverse figure? Im not!
What is a decent wage for burger flippers?One on which someone who is working 40 hours a week can support themselves.
You're talking livable wage. Follow this chart for how to pay a burger flipper.
And that is not scaleable. Not all burger flippers work for corporations like McDonalds. Travel across Middle America and you see the small diners, burger shacks, kiosks, and food carts. They won't be able to afford having an employee and close down. The people who went to trade schools will ask why they are getting the same money as a burger flipper. You subsidize it and the value of the dollar goes down. There are entry level jobs for a reason.
Won't stop me buy cool stuff; but surely will be much more selective.
And to the subtopic: If someone has to close down if they can't affort to pay their worker a livable wage they should. I don't think anyone is talking about a wage that enables to rent a luxury mansion with stables, a pool and to support a family of five.
And that is not scaleable. Not all burger flippers work for corporations like McDonalds. Travel across Middle America and you see the small diners, burger shacks, kiosks, and food carts. They won't be able to afford having an employee and close down. The people who went to trade schools will ask why they are getting the same money as a burger flipper. You subsidize it and the value of the dollar goes down. There are entry level jobs for a reason.
Then let them fail. Business models that require exploitative labor practices in order to function should not exist.
And to the subtopic: If someone has to close down if they can't affort to pay their worker a livable wage they should. I don't think anyone is talking about a wage that enables to rent a luxury mansion with stables, a pool and to support a family of five.
The notion that anyone who works 40 hours a week at any job should not live at or below the federal poverty level is not radical.
People have to construct a Straw Man, e.g. that unskilled labor should be compensated the same as skilled labor, in order to make it seem so.
Not to mention that compensation across industries is not a pie: the slice of the tradesperson does not have to get smaller so the slice of the quick service restaurant worker can get bigger; the difference is not coming out of his individual pocket.
All jobs are necessary for society to function or they would not exist. And if we want those jobs to be done, then we need to pay people fairly, or they will go undone.
Won't stop me buy cool stuff; but surely will be much more selective.
And to the subtopic: If someone has to close down if they can't affort to pay their worker a livable wage they should. I don't think anyone is talking about a wage that enables to rent a luxury mansion with stables, a pool and to support a family of five.
That is a little harsh. My uncle owned a small ice cream shop that employed local school kids and he couldn't pay much. He didn't get rich off it but it made him happy and broke his heart when he had to close it.
Won't stop me buy cool stuff; but surely will be much more selective.
And to the subtopic: If someone has to close down if they can't affort to pay their worker a livable wage they should. I don't think anyone is talking about a wage that enables to rent a luxury mansion with stables, a pool and to support a family of five.
That is a little harsh. My uncle owned a small ice cream shop that employed local school kids and he couldn't pay much. He didn't get rich off it but it made him happy and broke his heart when he had to close it.
There will always be some people that come up with "solutions" that have the complexity of an eighth grader's homework assignment.
We've all joke over the years about toys being made by cheap slave labor. My toy collecting has slowed to a crawl these days, so it won't affect my buying habits either way. Kids seem more interested in video games and their electronic devices these days than toys. My guess is Mattel will just move manufacturing to a different cheap labor country that strikes a deal with the US if China doesn't.
@banthafett I said this somewhere else but if this is going to cause me to give up collecting then I’m at peace with it. I for one plan on sticking to my guns. $35 for a Funko pop and $45-$50 for origins and Masterverse? Yea that’s a hard no. I will finish VC and then I’m out completely. I have a shit load and honestly really can’t fit much more anyway. Its sad but paying my always increasing taxes and insurance takes priority.
Do you? Are you here for the purpose of telling the rest of us we support slave labor? No. You buy toys just like the rest of us. Your question is as simple as it is irrelevant to the argument.