“‘It’s a difficult situation,’ Jobs said at the All Things Digital conference in California on Tuesday. ‘We’re trying to understand right now, before we go in and say we know the solution,'” Chang, Tung, Soh and Hung report.
“Taiwan contract electronics maker Hon Hai Precision Industry, the owner of Foxconn, said on Wednesday that the cash component of wages would rise by 30 percent effective immediately, more than the 20 percent rise the company had talked about late last month,” Chang, Tung, Soh and Hung report.
Full article here.
To compare suicide rates you need to look at the same age group in different jobs / locations.
These may not be sweat shops in the traditional sense but it is still low paying, long hour employment. The facilities may offer some luxuries like swimming pools but the standard of living is largely dependent on the long hours.
I’ve worked in factories before and it isn’t fun. Working extended hours continually is especially draining. I personally think companies like Apple will help speed up the improvement of the outsourced factories because they will start to demand improvements or they move elsewhere.
Just remind me: 30% of how much?
Maybe to buy a car, or just get enough for another peace of bread for the week?…
This might be a very relativ concept.
P.S. There are also millionnaires commiting suicide, because their M$ share fell, forcing them to lower their lifestyle…
F..S…t this world is damn sick!
Foxconn Technology Group is a Taiwanese multinational company with its main plant operating out of Shenzhen, China. Foxconn is hands down the largest manufacturer of electronics, computers and computer components in the world.
http://www.articlesbase.com/health-articles/extreme-brite-white-review-where-to-buy-1964003.html
The right foods are the best solution for you to manage blood sugar use this free meal planner http://bit.ly/daDZ9s
Hats-off to the MDN community for this lively and informed discussion. It’s threads like this that keep me coming back every day.
At Foxconn, the basic salary for an assembly line worker in Shenzhen is expected to rise from 900 renminbi ($132) a month to 1,200 renminbi ($176). The minimum monthly wage in Shenzhen is 900 renminbi, about 83 cents an hour.
Glad I own Apple stock- but I think it is sad that I have made more sitting on my backside than the average Foxcon worker makes in a lifetime. Kind of sad that “real” work doesn’t pay- and a big reason I support increasing our nation’s capital gains tax to an individual’s top marginal rate.
“It’s a factory town, they report, that feels more like a “heavily secure” university campus.” Isn’t China like a heavily secure country? If we had China’s laws securing our borders the flow of illegal immigrants and illegal drugs into the U. S. would slow to a trickle.
@MadMac;
Communism is, in theory, an economic system whereby the State controls all of the means of production.
Capitalism is an economic system whereby such means of production is privately owned.
China isn’t completely there yet, but they are transitioning rapidly in that direction.
Their POLITICAL system, however, is still a Socialist one, and has not changed. The Communist Party is still the only political party allowed.
The confusion comes in because we CALL them a Communist country, when the political system is really Socialist – there has never been a political system run according to Communist principles, because the Socialist governments claimed that socialism is a necessary step towards creating that “perfect” communist system.
In reality, they started out as bullying thugs, and they remain bullying thugs, and have never intended to move beyond the dehumanizing system they now have.
But the leaders in China recognized, once the USSR fell, that their economic system was destined to fail, and began a controlled transition to a more capitalistic economic system – without changing the system of political control. The bullies still want to maintain political control, even if they had to lose control of the means of production.
Foxconn Technology Group is a Taiwanese multinational company with its main plant operating out of Shenzhen, China. Foxconn is hands down the largest manufacturer of electronics, computers and computer components in the world.
http://www.articlesbase.com/health-articles/force-factor-review-amp-free-trial-2113761.html