Over the years, China's Economy has been fluctuating. The blog would discuss China's economy and discuss the current situation, and discuss the changes that it should/should not do.
Thursday, February 16, 2012
Business
Last week, all Best Buy stores in China closed down. China, as many people know, creates many goods for around the world, and companies like Best Buy, overprice their items compared to getting the items from a local store, which basically cuts out the middleman. Best Buy could not compete well with those stores. What many racial slurs towards Chinese that goes around, like "you got that cheap because your cousin made that for you," are quite racist, but what they do not know is that they earn about 150 yuan per month, a average of 80 cents per day. Compared to many American jobs which pay about $7+ per hour, 80 cents is all that is left after paying for housing in terrifying living conditions, and food to work and live, and all this in a factory. 80 cents is to compensate all the workers, due to the overpopulation, only a few jobs could be filled, causing a lower in wages, and an increase of workers. China's businesses are not what they seem, many people over look the conditions, only believing that the Chinese taking jobs from Americans.
Subscribe to:
Posts (Atom)