Hey guys, today I want to look at what impact the coronavirus is having on global economics.
First a little background and I’m not a business major so take this with a grain of salt. Many manufacturing jobs now a days are shipped over seas where labor regulation or lack there of make manufacturing cheep. The countries, especially china, allow foreign companies to make use of their populations labor at reduced rates compared to the US. This makes these supply chains very reliant on the health of these countries populations to maintain a steady stream of product. This has seen an effect in stock prices with Apple’s Stock price dropping $15 earlier this week.
I found this extremely interesting that our reliance on other countries labor can be heavily swung by the health of that labor pool. This was an extremely surface level look at what The COVID-19 virus is doing to the global manufacturing sector. If you want a more in depth look please follow the link below to a story i found on the subject.