Originally posted by Austin IronFist
don't we(U.S.) get something like 40% of our imports from China?
Originally posted by H Tower
everyone in the US would practicaly be naked if we didn't buy from countries like china and mexico. hmm, what an idea
Seriously, I don't believe that corporation overseas are all that bad since I have heard alot of these people earning less doing other non-"evil corporation" jobs.
The corperations can afford to pay them 10x as much, but its the profits that are getting in the way. Tell me why the corporation, SHOULDN'T pay child workers a decent wage.
Originally posted by MrPresident
First of all a corporation cannot afford to pay them 10 times as much because another corporation would come along and pay them lower wages. They then would have lower costs and afford to sell their products at a lower price and thus compete away the high-wage corporation. Secondly, it all depends waht you deem a decent wage. Since you come from New Zealand I will assume that a decent wage is quite reasonable relative to the world's richest countries (G8 etc). However that wage is relative to what it can buy in your country so if your wage was say (I will work in dollars since its the international currency) $10 an hour it would seem a decent wage. However if in that same country a loaf of bread cost $10 (unlikely but could happen under hyper-inflation) then the wage would seem a lot worse. So a terrible wage by your standards would be a decent wage by a developing countries' standard (it all depends of purchasing parity power which believe it or not is worked out by the price of a big Mac in the different countries).
Studies (by the World Bank) have shown that the average wage paid by a multinational in developing countries is higher than the domestic wage level. There are many problems with the practices of multinationals but low wages are generally not one of them.
Originally posted by rmsharpe
I don't blame the corporations for using the cheap labor, after all -- the most important thing to do is deliver a profit to the shareholders and a fair-priced product for the customers.
Why hasn't Jiang Zemin opened up China from the kind of martial law since Mao's Communist revolution? It's the national government that is to take responsibility for the taxes that it basically extorts out of these people.
Originally posted by scorch
But the point goes back to ethics, is it really fair to undercut chinese boys, so the shareholders get paid more?
I can think of a couple of more reasons than that.Those people in China want economic power as much as we do in America. The only difference is, is that we are affluent and they are not.
My first problem with this is, what is the point? Why bother getting all the labour if there are only a limited number of jobs available. You would be paying people to do nothing just so your competitors wouldn't get any labour. Also there is an awful lot of labour available in the world and I don't think anyone could afford to employ even a tiny faction of them. Secondly, multinationals already pay more than their domestic competitors to get the labour they need so why increase their pay?if corporations paid $2 hr, and provide good conditions, then more workers would flock to them, think about it. If Nike for example, set up hundreds of good condition factorys in China etc, and used most of the available labour, paying $2 hr, which is much lower than anywhere else, none of the competitors could get labour, and would have to go elsewhere. (ok, that situation is a bit sketchy).
This situation sounds very familar. It also as if you are talking about Britain during the industrial revolution. Have you ever wondered why are female school teachers are called "miss"? Think about it.The majority of sweatshop workers are females aged 15-25 (That's a conservative estimate). These workers are usually fired when they reach a certain age. Oh and incidently some factory managers fire women if they are pregnant.
I agree with the senitment in this post but there are a few problems I have with it. First of all, how do you define an adult. Is it someone aged 16?17?18?21? Secondly, what would these children do if they aren't working? Their family can't afford to send them to school and their government can't afford to provide it for free. Their family can barely afford to survive with their child working what will they do now? I think everyone agrees that there should be an end to child labour but you must think about the consquences.I think it's wrong if sweat shops use child labor because children don't have a choice but I think it's ok with adults.
The most important thing for a company is to maximise profits even at the expense of providing a fair priced product. Look at the oil companies (especially BP).the most important thing to do is deliver a profit to the shareholders and a fair-priced product for the customers.