And the so called "leader of the free world" with a "democratic" system brought us an illegal war over Iraq with thens of thousand of innocent deaths.
How is it an illegal war? I didn't like the war in Iraq either, but it was perfectly legal.
And the so called "leader of the free world" with a "democratic" system brought us an illegal war over Iraq with thens of thousand of innocent deaths.
Every time I hear Civil Liberty Union in democratic countries, I chuckle a little at the irony.
Foxconn has committed to bring its factories into full compliance with Chinese legal limits and FLA standards on working hours by July 2013
So how much did Foxconn have to pay the FLA for that positive piece of publicity?
Does this mean the nets come down?
60 hours a week doesn't seem like all that much to me.
The 49 hour per week limit including overtime is interesting. Are there any laws in the US regarding maximum hours like that? I have a wage job where we aren't forced to work overtime, but it's strongly encouraged where it feels like you're being forced and people work well over 60 hours a week. The only US law I know of is that you have to be paid at least time and a half over 40 hours per week.
there? Is everyone happy? Can we please stop this now?
UPDATE: We can see from the negative votes that people still want to argue and make noise
I was offered a job as a manager of a Carl's Jr. restaurant requiring a minimum of 50 hours a week with the upside of 80 hours a a week consistently. I declined based on the hours.swingerofbirch said:The 50-60 hour per week limit including overtime is interesting. Are there any laws in the US regarding maximum hours like that? I have a wage job where we aren't forced to work overtime, but it's strongly encouraged where it feels like you're being forced and people work well over 60 hours a week.
I was offered a job as a manager of a Carl's Jr. restaurant requiring a minimum of 50 hours a week with the upside of 80 hours a a week consistently. I declined based on the hours.
The Chinese workers are BEGGING for hours to make more overtime and these new outside motivated requirements prevent many folks from utilizing all the hours they are avaiable for work on the basis it might be risky for them to work that many hours per week. They disagree but the extralegal media motivated control system enforced by this "firm" eliminates that.
I was offered a job as a manager of a Carl's Jr. restaurant requiring a minimum of 50 hours a week with the upside of 80 hours a a week consistently. I declined based on the hours.
The Chinese workers are BEGGING for hours to make more overtime and these new outside motivated requirements prevent many folks from utilizing all the hours they are avaiable for work on the basis it might be risky for them to work that many hours per week. They disagree but the extralegal media motivated control system enforced by this "firm" eliminates that.
A few years ago Apple published one of their first reports, and the press reported "most workers' complaints were related to overtime". It turned out the actual wording in the report was "the largest number of complaints was that workers couldn't always get as much overtime as they wanted".
Why do they need more than a year to simply start following the law? In any civilized country, you don't get to decide when you follow the law; you either follow the law or suffer the consequences. No legitimate company in a country with a modern economy and rule of law would announce that it has been breaking the law and will continue to break the law for another 15 months, and, by the way, please congratulate us for doing so.
Don't buy into the hype about China. The tech manufacturing sector is one of the biggest, if not the biggest, driver of its "miraculous" economic development. And stories like this lay bare how "modern," "high-tech," and "21st century" it truly is.
Kids, if you think becoming a games developer is fun, think twice.
The confluence of the report, Apple's response, and trends in China itself means that they will need to hire 20% more employees to conform to the per worker hourly reduction pledge. Wage prices in China reliably go up 15% per year and the Chinese Rimimbi currency is all but locked against the dollar.
Now this does have the offset of paying less overtime by about 10-15%.
But overall we should see a labor component cost increase of about 15% per year with it being a bit front loaded as compliance ramps.
The single easiest way to have things cost us less is to borrow and spend less at the Federal government level. It is causing currency destruction at a rate of about 7% a year reliably under the Obama Presidency. We currently deficit spend at the shocking rate of about $250B a MONTH and we were promised stimulus would be one time and about $866B with a then ANNUAL deficit of about $450B.
The TARP, Fed actions, and such are large in scale to the tune of about $7T, about the same scale as the liquidity lost when home prices vaporized $7.5T in about a year and a half. The Fed has "sterilized" those actions, but they are real, have to be unwound some day and there are hard costs to real people to keeping interest rates ridiculously low. Also most of TARP and bank liquidity has been paid back with over $100B in net profit paid into the treasury already.
All of that stuff together makes it cost us more for gasoline (30% since Obama's budget was passed on currency destruction alone, no issues from oil speculation or Iran included in that), food, commodities, and payments to China.
In the CNBC interview the FLA President characterized the forward leaning of Apple and Foxconn on labor issues in China as likely to lead to a "race to the top". For those of us critical of Chinese policies of various types, this is only good. It is also having direct impact on large parts of Chinese society.
So I call it a mixed picture but far more good than bad, and slightly bad for forward earnings of AAPL.
Rocketman
Wait and see? You are the sovereign and it is your responsibility to do things. You delegate limited federal power to congress critters but the other 95% is YOUR DEAL! I am betting you do not agree or receive this data. Which was right.Is this really the thread for trying to bash american politics????? I'm glad that some progress has been made on this issue, now let's wait and see if any changes are really made.
Wait and see? You are the sovereign and it is your responsibility to do things. You delegate limited federal power to congress critters but the other 95% is YOUR DEAL! I am betting you do not agree or receive this data. Which was right.
Your assumption here is that every Foxconn worker will be happy about these changes which is rather suspect.
The one good point you make is that it may be "illegal". However "illegal" in China is an extremely grey area (certainly not as black and white as an association with an agenda to push would like for you to believe).
And the so called "leader of the free world" with a "democratic" system brought us an illegal war over Iraq with thens of thousand of innocent deaths.
Of course it would also be retarded for someone to think China is communist, so I'm not sure what that has to do with this thread.Yeah, communism is retarded.