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11-19-2010, 07:57 AM   #16
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For all the shareholders and users of Apple products or people considering buying their products for the holidays, think about the contractors they choose to source their products.

QuoteQuote:
Workers in Foshan said that management had not agreed to any demands and instead threatened to fire any striking workers.

"They put out a notice saying if we strike they'll fire us," another worker added.

According to one worker, the factory pays a basic wage of 1,100 yuan ($165.8) a month, which he added is less than what Foxconn had promised to pay its workers when it raised wages recently.

Take-home pay, after overtime and deductions for social security, is about 2,000 yuan per month.

Other workers appeared nervous and would not comment when asked about the dispute.

The Foshan plant employs about 20,000 people, according to workers, far smaller than Foxconn's big facilities in Shenzhen on the other side of the Pearl River delta, which employ several hundred thousand workers.
More problems for China's Foxconn over workers' pay | Reuters

11-19-2010, 03:42 PM   #17
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Apple should make their products here in the USA since there are many here that would love to make $165 a month on the assembly line making iPads etc.
11-19-2010, 04:56 PM   #18
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QuoteOriginally posted by mikemike Quote
...
a minimum wage doesn't do much for income inequality.
A maximum wage sure would? ;-)
11-20-2010, 07:56 AM   #19
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Like they say at the Wall Street Casino, GREED IS GOOD.
QuoteQuote:
Is it “right” that an individual can earn $3 billion in one year without “producing” anything? Of course not. But markets will be markets. And Mr. Paulson’s payday highlights one of the great hidden truths about today’s economy: For all the losers (and there are many), there are a few big winners.
http://blogs.wsj.com/wealth/2008/01/15/the-3-billion-payday/

QuoteQuote:
After plunging during the financial crisis, the income of top hedge fund managers surged in 2009 to a record high as financial markets recovered from historic lows, according to a new survey published Thursday.

Altogether, the 25 top-earning hedge fund managers made a record $25.3 billion last year, according to rankings in AR: Absolute Return+Alpha, a magazine dedicated to the hedge fund industry.
Hedge fund bosses getting billion dollar pay - Apr. 1, 2010

The filthy rich love the Tea party since they want the filthy rich to pay even less taxes that end up making the middle class slaves for them.

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