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Sparkling Wine
China Observer
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Comments by "Sparkling Wine" (@vueport99) on "Strikes at BYD's Factories in China and Vietnam — How Long Can It Last?" video.
except the thing most people care about is the price. so unless you and 50% of the population are willing to pay more, this 'junk' will keep going
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@galaxiedance3135 you're missing a key difference, in most free countries, overtime means extra pay and often 1.5x and 2.0x pay for weekends / holidays. In China, that's not the case. During job interviews / recruitment. Workers ask specifically how many hours of overtime they are guaranteed. And if it's too low they don't even want to work there.
4
@andrefreeman7025 and how many factories in the past year didn't even pay their workers but simply shut down and the owners disappeared? You're really funny. Using laws in the western sense in a sentence about CCP is some dark humor
3
if you pay your workers enough, the prices will go up and the company will fold
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@eduarddez4416 in that communist country, it's the norm for 'upper management' to take everything while still demanding the workers to give more to the country. In the west however, it's far cheaper to pay the CEO huge salaries because it's far cheaper to pay one guy millions more than to give EVERYONE $10 more per day if you do the math that way. You'll see it makes sense. I'm not saying it's right. Just by pure numbers it makes more sense to give the top dog $10m more to squeeze $100m out of the whole company. In the case of red state, the top dogs don't actually get all that pay. As we've witnessed, Jack Ma and others were 'compelled' to donate billions to the state upon their 'release from exile'
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@ЭдРусскиймедвед you have obviously never worked in China. Lucky you.
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@andrefreeman7025 the reality is unlike the 'hated west' the concept of a living wage in mainland includes copious amounts of overtime.
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@lance8080 that's a very nice way of saying CCP elites who are the actual owners of large enterprises. Stockholders always get shafted in that country. Creative accounting is the norm there with regular citizen investors left holding the bag if anything goes south as we've witnessed recently.
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@andrefreeman7025 ok but the fact remains if their employers don't 'allow' them to work overtime, they can't pay rent / pay for school / food etc
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because without innovation the only 'edge' they have is a price war to see who is left standing. That's been the way China has operated for the past 40 years.
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@johnsullivan937 nah, the companies that are closely aligned with top CCP leaders will never fold. The state will find new ways and new incentives to keep them running. Even go on diplomatic attacks against the west to proclaim that it is trade war not over-supply when clearly it is over-supply.
1