Quote:
Originally Posted by tiananmen
It is very hard to say such work can improve financial life for an worker in Foxconn under the high-rise inflation in China. Their monthly income can merely afford a basic living, without any substantial savings for their later life, not mention housing or other welfare.
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They get factory supplied housing and meals. And they get pretty good wages in Shenzhen, even higher than in other areas. Yes, many people earn $400 a month and buy a $600 phone and spend a few 100 on clothing each month. People in China have only recently come into money during the last few years and now they want everything right away. They go out and spend (in relation to their incomes) vast amounts. Then they will say "I don't have enough to make a basic living". But that is not poverty.
Yes, rampant housing speculation has pushed housing prices sky high -- in many areas housing prices are higher than in the US or Europe. But the factories have nothing to do with that.