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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (59024)	1/16/2005 10:20:59 AM
From: RealMuLan	Respond to of 74559

This has been going on for more than a year. This is called "farmers use their feet to vote"<g>. The main reasons are: --the sweatshop owners refuse to raise workers' pay (because the multi-national corps. which buy the product refuse to increase their share); --the gov. fails to protect workers' interest; --starting from 2004, China starts to learn from the West, beginning to subsidize agricultures, and farmers income starts to increase. So less and less poor farmers (the major source for cheap labor in China) will travel far away from their hometown just to be heavily exploited by sweatshop owners. A lot of those workers in sweatshops have to work like a dog, 14 hrs/day, 7 days a week, with no vacation, benefits, and lots of working injuries. After food and shelters, many of them got only <200 Yuan ($25) monthly net pay to send back home. So if they have any other choice, they would not work for the sweatshops. I hope more and more sweatshops are leaving like the following Taiwanese ones. Message 20931988

To: elmatador who wrote (59024)	1/17/2005 2:55:22 PM
From: Maurice Winn	Respond to of 74559

What labour shortage. These people are nuts! <“We're lucky these days to fill one of every two jobs available,” says Juei Chen Wong from Taiwan, who runs an electric-wire factory in Dongguan. Another Taiwanese manager recalls having three applicants for every job in the late 1990s. Now there's only one for each post, he says. Officials say the municipality is short of around 270,000 workers, a worrying phenomenon for an area that produces about a fifth of the exports of Guangdong province, which itself accounts for nearly a third of China's total exports > Here's an idea. Double the pay rate and see how much labour shortage there is. There's bleating like that in NZ too. It never seems to occur to those who "can't find workers" to offer $100 an hour instead of $10 an hour. The stupid solution they come up with is to let in a million $5 an hour people from Islamic Jihad and Yiwu the Mad's Clonesville to block the roads, use all the water, electricity, medical services, prisons and generally turn the place into where they've come from. The answer is to raise the price! It's very simple. Not forgetting to issue tradeable citizenships too. Mqurice