6/7/10

If Chinese labor unrest = higher prices, could more Developing Economy worker instability limit future economic investment and growth?


We can ignore reality
but we cannot ignore the consequences of ignoring reality


Ayn Rand


Time to defend Chinese workers' rights

Wherever exists exploitation and suppression, rebellion erupts. If the exploited are a majority of the society, the revolt draws even nearer and comes with a louder bout.

For the past 30 years witnessing China's meteoric rise, multinationals and upstart home tycoons have rammed up their wealth making use of China's favorable economic policies as well as oversight loopholes. In sharp contrast, tens of millions of Chinese blue-collar workers who have genuinely generated the wealth and created the prosperity have been left far behind.

The enjoyment of power is fatal to the subtleties of life


Ruling classes degenerate by reason
of their lazy indulgence in obvious gratifications


Alfred North Whitehead


According to the All-China Federation of Trade Unions, a quarter of Chinese workers have not had a raise in pay in the past five years...It is logical to claim their livelihood is actually on decline taking in account the price rises in the years.

Hence, there came the widely-reported mass labor strike at Japan's Honda's joint venture production line in Guangdong Province to demand for a higher pay, and the spate of rising employee suicides crippling Taiwan's Foxconn Technology Group's mainland plant in Shenzhen City.

...Honda finally agreed to a 24 percent pay rise to the workers who returned to work last week. Also, Foxconn management has agreed to workers' uniform pay rise of 30 percent.

The pay rises are long overdue. They should have come prior to workers' took radical measures.

Have most revolts been instigated by some with less who want more
against those with more?


George Hartzman


...When the exploited laborers are forced to toil extra time, work under huge pressure and earn disproportional tiny wages -- often at less than 1,500 yuan (US$220) a month in China, the disappointment and frustration gather and grow to anger, and eventually revolts break out.

...it's totally unfair and unruly for businesses to seek exorbitant profits at the cost of their employees.

...Isn't business's overexploitation of employees disgraceful? Isn't Chinese workers' demand for a higher pay justified? (As a matter of fact, Japanese employees in that Honda plant are paid 50 times more than the average Chinese workers).

The most dangerous moment for a bad government
is when it begins to reform


Alexis de Tocqueville


...as the country has raked in stacks of foreign currencies as reserves, and businesses and tycoons had deep pockets, the welfare of vast laborers has been hardly improved.
 
...Only when the low-paid, long-neglected and voiceless are taken care of by the government, the blue-collar workers' unrest, now brewing in some factories, won't cascade, spread and form crushing waves.


Li Hong
People's Daily Online (China)

I am he
as you are me
and we are all together


John Lennon and Paul McCartney


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