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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: C.N.S. who wrote (65682)	7/9/2006 6:21:19 PM
From: RealMuLan	Read Replies (1) \| Respond to of 110194

>>But are you saying that there are no Chinese to blame at all for this ? << Not at all. If you pay attention to my post, I have been complaining about the stupidity/corruption of the Chinese gov., especially the local gov., for a long time. But I guess noting I can do about it. Just like many Americans complaining about Bush administration, but cannot do much either. >>Is there a law in China that prevents Chinese factories from declining such contracts from US companies ?<< Yes, there is so-called minimum wage law, and 40-hr. work week law in China, but few local gov. agencies reenforce them, so foreign/domestic companies that violate the law can almost always get away with it. FOXCONN, a Taiwanese company, is one of the International Fortune 500 companies. It already openly admitted that they violate the Chinese labor law, but no any punishment from the Chinese gov. and they continue violate the law. It is the contractor for Apple in Mainland. They hire >200k slave workers, and the factories that assemble iPod and iPod shuffle all have 24-7 armed security guards to restrict the workers from going in and out, and the one for assembling iPod shuffle even have iron wire circle wall. Really remind me of Concentration camp! Yeah, that is how Apple guard their IP property! What a joke! >>Or are you saying that US companies stipulate in their contracts that workers should work for 12 hours but be paid for 8 and that their salaries be held back till full payment of invoices ?<< The US companies do not have to go to the details of how many shifts for a 24-7 assembly line with their contractors. All they need to do is to quote a price they want, and some contractors will take it. Few US companies will bother to check the working condition and hourly pay in those sweatshops, until some journalists exposed the dirty conditions. Basically, the price paid by many US/foreign companies can never meet any decent labor law, period. Some sweatshops making product for Walmart cannot even break even without using child labor! Yes, you can blame the local Chinese officials do not enforce the law, but that is NOT the point. Yes, one day Chinese gov. may have to enforce the labor law, but Walmart, or AAPL, can always move to somewhere else on this planet where poor people are dying for 14-hour a day work just to survive.