Foxconn 'suicide factory' raises pay 70pc

[dreamdancer 0]

time to raise minimum pay both in the us and the uk...

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Chinese workers at Foxconn, the China-based assembler of Apple’s iPad and other leading consumer electronics brands, are to receive a dramatic 70pc wage rise, raising the prospect of Western customers paying more for their electronic goods.

The move, which follows a spate of worker suicides this year at Foxconn’s factory in Shenzhen, southern China, could also increase industry-wide pressure for higher wages among China’s factory workers, analysts said.

The latest wage increase comes just a week after Foxconn, which is the world’s biggest manufacturer of computer products – including iPhones, iPods and iPads for Apple, as well as goods for HP, Dell, Sony, Nokia and Nintendo – and employs 800,000 workers in China, increased pay for its Chinese assembly line staff by 30pc with immediate effect.

Following the latest rise, which will take full effect from October 1, the basic salary for production-line workers at Foxconn’s will have risen from 900 renminbi (£91.30) per month two weeks ago to 2,000 renminbi (£203).

“This wage increase has been instituted to safeguard the dignity of workers, accelerate economic transformation…and to rally and sustain the best of our workforce,” Foxconn’s founder and Chairman Terry Gou said in a statement.

http://www.telegraph.co.uk/finance/china-business/7807903/Foxconn-suicide-factory-raises-pay-70pc.html

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[Glitch 0]

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time to raise minimum pay both in the us and the uk...

That, IMHO, is a fucking retarded idea. On one hand, if you raise the min wage, the effective buying power of everyone else (everyone who earns above min wage) is reduced, thus effectively making them just a bit poorer via less purchasing power. On the other hand, every time theres been a wage increase, there seems to be an coorsponding increase in prices for goods and services, effectively making folks just a bit poorer.

The only way I would support a mandated min wage increase, is to also implement a price freeze on all goods and services (and I hope to God they don't try that either!) or a coorsponding wage increase for EVERYBODY by the same amount. ...good luck getting that to happen.

Randomly f'n thingies up since before I was born...

[Bolas 5]

A company raising it's minimum wage and a country raising it's required minimum wage do not correlate.

If a company raises its wages and other companies follow suit, that's just capitalism at work.
Seems like in this example the Chinese are doing capitalism better than we do.

Stupidity if left untreated is self-correcting
If ya can't be good, look good, if that fails, make 'em laugh.

[Amazon 7]

The basic premise in DREAMWORLD is that people should be GIVEN more money without actually EARNING more money or bettering oneself thru knowledge or education or a better skill set so that they can earn more.

Fail yet again...................... tovarich

[billvon 3,173]

>Seems like in this example the Chinese are doing capitalism better than
>we do.

They do a lot of things better than we do - which is why so much industry is moving there.

[kelpdiver 2]

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A company raising it's minimum wage and a country raising it's required minimum wage do not correlate.

If a company raises its wages and other companies follow suit, that's just capitalism at work.
Seems like in this example the Chinese are doing capitalism better than we do.

This salary increase may actually end up increasing the suicide rate - the job becomes that much more of an attractive golden handcuff. But the job is awful, and as of last week workers are not allowed to talk to each other on the floor.

[beowulf 1]

Not always better, but definitely cheaper.

[billvon 3,173]

>Not always better, but definitely cheaper.

In a capitalist system the two are often synonymous.

[dreamdancer 0]

union power...

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Chinese workers marched out on strike at a Honda parts supplier today as the swelling wave of labour unrest in the workshop of the world raised the prospect of fairer wages for local employees and an end to cheap products for western consumers.

Following industrial action this week at foreign-invested plants in Jiangxi and Xian, labourers at Honda Lock in Zhongshan, Guangdong province, demanded a pay rise and improved collective bargaining rights.

About 500 workers demonstrated outside the gates of the Sino-Japanese joint venture and said they wanted to elect their own representatives rather than accept the so-called "enterprise union" imposed on all factories in China by owners and the communist party.

Riot police blocked the road and management representatives used loudhailers to warn of "serious consequences" before the crowd dispersed without a resolution.

Workers want greater negotiating rights and a rise in the base salary from 1,500 yuan (£100) a month to 2,000 yuan, but they say the management has conceded little ground.

http://www.guardian.co.uk/business/2010/jun/11/honda-china

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[rushmc 23]

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>Seems like in this example the Chinese are doing capitalism better than
>we do.

They do a lot of things better than we do - which is why so much industry is moving there.

Yes, but few like to look at the reasons it is this way.

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Lucky... 0]

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A company raising it's minimum wage and a country raising it's required minimum wage do not correlate.

With China there's quite a bit more correlation between corporations and gov, so I think there is a tie.

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If a company raises its wages and other companies follow suit, that's just capitalism at work.

Isn't capitalism more about competition, not one company follwing the other? WHat you refer to as one company follwoing the other sounds more like Socialism.

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Seems like in this example the Chinese are doing capitalism better than we do.

With those wages, sounds like total Communism, which is why China the country does so well, China the people not so much. However, price and wage fixes by the government and/or corporations sounds like Communism or Capitalism, the two have many fiscal similarities.

[Lucky... 0]

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>Seems like in this example the Chinese are doing capitalism better than
>we do.

They do a lot of things better than we do - which is why so much industry is moving there.

Any time you oppress peopel via insanely low wages, you can do anything better.

[rushmc 23]

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Quote

>Seems like in this example the Chinese are doing capitalism better than
>we do.

They do a lot of things better than we do - which is why so much industry is moving there.

Any time you oppress peopel via insanely low wages, you can do anything better.

Define "better"

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[ChangoLanzao 0]

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The basic premise in DREAMWORLD is that people should be GIVEN more money without actually EARNING more money or bettering oneself thru knowledge or education or a better skill set so that they can earn more.

Fail yet again...................... tovarich

"people" = shareholders

[Bolas 5]

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Quote

If a company raises its wages and other companies follow suit, that's just capitalism at work.

Isn't capitalism more about competition, not one company follwing the other? WHat you refer to as one company follwoing the other sounds more like Socialism.

Capitalism is all about competition: for products, for innovation, for labor, etc. When one company gains an edge, the other companies tend to follow suit. In their competition with each other to be "the best" they raise the bar for all.

This is all market driven, as opposed to socialism which is gov't driven.

Stupidity if left untreated is self-correcting
If ya can't be good, look good, if that fails, make 'em laugh.

[billvon 3,173]

>Any time you oppress peopel via insanely low wages, you can do anything
>better.

And any time you take away people's jobs by telling companies they cannot hire lower-skilled workers for what they're worth, families suffer and jobs go overseas.

[billvon 3,173]

>Yes, but few like to look at the reasons it is this way.

The reasons are straightforward. The answers are the hard part.

Sure, China's authoritarian control of all sectors of the economy means that less money and effort is wasted in inter-company competition. But do we really want that level of governmental control here?

Sure, their lack of environmental regulation means coal power is really cheap. But do we really want those levels of pollution here?

Sure, they have a lot of cheap labor. But do we really want to enforce the low standards of living that enable that?

[rushmc 23]

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>Yes, but few like to look at the reasons it is this way.

The reasons are straightforward. The answers are the hard part.

Sure, China's authoritarian control of all sectors of the economy means that less money and effort is wasted in inter-company competition. But do we really want that level of governmental control here?

Sure, their lack of environmental regulation means coal power is really cheap. But do we really want those levels of pollution here?

Sure, they have a lot of cheap labor. But do we really want to enforce the low standards of living that enable that?

No, no one I know wants the extremes even though we are headed that way on some issues
But to fully understand the issues all must be taken into account and the blame must be looked at in the full context.

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[champu 1]

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time to raise minimum pay both in the us and the uk...

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the basic salary for production-line workers at Foxconn’s will have risen from 900 renminbi (£91.30) per month two weeks ago to 2,000 renminbi (£203).

Your reaction to wage increases at an overseas corporation where hundreds of thousands of manufacturing jobs have been outsourced would be to inflate the gap between foreign and domestic labor costs further?

[DaVinci 0]

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time to raise minimum pay both in the us and the uk...

Company's are free to raise their wages whenever they feel like it.... Just like Foxconn did.

That does not equal a Federally mandated min wage increase.

[DaVinci 0]

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With China there's quite a bit more correlation between corporations and gov, so I think there is a tie.

Proof, or speculation?

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Isn't capitalism more about competition, not one company follwing the other? WHat you refer to as one company follwoing the other sounds more like Socialism.

This statement from you shows you don't understand capitalism at all.

If company "A" raises wages then people want to work there. If you want to keep good employee's, you need to match or beat your competitors wages.

The Spirit Airlines strike shows this.... Except it has the added difficulty of Union Sr. lists playing into it. Without the Sr. lists, pilots could move without losing money. This would bring most of the pay into the same range.

Capitalism *includes* wages for work.

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However, price and wage fixes by the government and/or corporations sounds like Communism or Capitalism

That statement shows you don't know capitalism at all.