Foxconn feeling the pressure
http://www.businessweek.com/news/2012-02-17/foxconn-group-raises-china-wages-for-third-time-since-2010.html
Wages going up 25%. Hot Damn….. Good news everywhere I look today.
The basic monthly pay of a junior worker in Shenzhen has risen to 1,800 yuan ($290) from 900 yuan three years ago.
$290.00 a month and that is the improvement…... So a worker will worker 12 hours a day, 6 days a week, for a month, and even if they took every penny of that they still wouldn’t be able to afford an Ipad. No wonder Apple only has 5 stores in China for a country of 1 Billion people.
But if you listen to the experts China is the new market place. The buying power of people making $290.00 a month is vast.
I am sure working at Foxconn is considered a good job too. Imagine having a sh*tty job.
Wages going up 25%. Hot Damn….. Good news everywhere I look today.
The basic monthly pay of a junior worker in Shenzhen has risen to 1,800 yuan ($290) from 900 yuan three years ago.
$290.00 a month and that is the improvement…... So a worker will worker 12 hours a day, 6 days a week, for a month, and even if they took every penny of that they still wouldn’t be able to afford an Ipad. No wonder Apple only has 5 stores in China for a country of 1 Billion people.
But if you listen to the experts China is the new market place. The buying power of people making $290.00 a month is vast.
I am sure working at Foxconn is considered a good job too. Imagine having a sh*tty job.
posted by res17 at
February 19, 2012
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