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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade	6/29/2010 7:14:56 AM
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Now, we can see why the electronics made in China have been so cheap: finance.yahoo.com "Taiwan-based Foxconn makes iPads and iPhones for Apple and also makes computers for Dell and Hewlett-Packard Co. The company denies allegations that it runs excessively fast assembly lines and demands too much overtime, but it recently announced two pay hikes that more than doubled basic worker salaries to 2,000 yuan ($290) a month. Terry Gou, chairman of Foxconn's parent company Hon Hai, recently told shareholders that the company has sought to compensate for a lack of basic social services by building dormitories and recreational facilities. He said the company's existing China factory model may not be sustainable. The information posted on the Hebi city website says workers would be paid a basic wage of 1,200 yuan ($176) a month during their three-month probation period, with total income up to 2,300 yuan ($340). After passing examinations, the monthly wage would rise to 2,000 yuan ($300), with total income of up to 3,000 yuan ($440), the notice says." No inflation? We shall see.

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