Posted by not done it yet on 16/06/2023 07:35:16:
Posted by RobCox on 15/06/2023 22:34:30:9
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I doubt I would be paying that little money for a decent quality chuck…
In the good old days cost was a better indicator than it is today. The gap between cheap rubbish and 'quality' was obvious.
Not now. Modern manufacturing can produce goods to almost any specification, from too cheap to aerospace, and everything in between. Stuff is aimed at whatever the market will bear, and a good deal of it is what I'd call mid-range: inexpensive rather than cheap, not Milspec, but good for a few years hard work. Plus the internet has globalised the market, much more expensive to make 1,000 magnetic chucks per year for a few UK buyers, than making 10,000,000 for sale world wide.
Makes it hard for purchasers – you can't tell simply from the price or the brand-name. 'Reassuringly expensive' is a deliberate sales tactic, and it's possible to pay well over the odds for the same item just because it has a desirable brand-name.
On the whole we've benefitted from cheaper goods. A serious problem with old-school manufacturing was that goods were slowly made in the most expensive way possible – skilled men in unsuitable premises using ancient methods on costly materials, doing everything slowly themselves regardless of cost, and badly managed whilst indulging Spanish practices, demanding high-wages, better conditions, and having expensive accidents! Plus inspection methods that rejected entire batches instead of implementing continual improvement programmes, and dreadful labour relations. End result – products costing more to make than customers were prepared to pay, with them deserting in a huff after finding fit for purpose could be had cheaper from abroad!
The problem wasn't shortage of skills or aversion to hard-work, many firms were scuppered by poor tactics and not listening to customers! Fear of change destroyed many enterprises. But worst of all, most people went without because stuff was simply too expensive.
Not all is rosy though! We've exchanged one set of problems for another…
Dave