View Single Post
Old 05-27-2010, 12:01 AM   #50
HansTWN
Wizard
HansTWN ought to be getting tired of karma fortunes by now.HansTWN ought to be getting tired of karma fortunes by now.HansTWN ought to be getting tired of karma fortunes by now.HansTWN ought to be getting tired of karma fortunes by now.HansTWN ought to be getting tired of karma fortunes by now.HansTWN ought to be getting tired of karma fortunes by now.HansTWN ought to be getting tired of karma fortunes by now.HansTWN ought to be getting tired of karma fortunes by now.HansTWN ought to be getting tired of karma fortunes by now.HansTWN ought to be getting tired of karma fortunes by now.HansTWN ought to be getting tired of karma fortunes by now.
 
Posts: 4,538
Karma: 264065402
Join Date: Jun 2009
Location: Taiwan
Device: HP Touchpad, Sony Duo 13, Lumia 920, Kobo Aura HD
Quote:
Originally Posted by tiananmen View Post
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.
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.

Last edited by HansTWN; 05-27-2010 at 12:24 AM.
HansTWN is offline   Reply With Quote