Can’t blame ‘em. Business owners in China’s manufacturing belt, their businesses up in smoke in the worldwide recession, are fleeing the country and leaving their workers high and dry–and yuan-less–rather than cope with China’s restrictive labor laws.
Of course, you can also call them rats for absconding with their companies’ loot while leaving their workforce with [...]
American automobile pioneer Henry Ford is famous for many things, including the introduction of assembly-line production and, to make sure workers could endure the boredom of his assembly lines, the $5-a-day pay rule, which was unheard of in 1914. (At the same time, he reduced the workday from nine to eight hours, but we haven’t [...]
Read the rest of this entry »With tens of thousands of us Americans losing our jobs every week, I found it interesting to discover that China just in the past year implemented what’s called the Labor Contract Law, which basically gives every employee a nearly unbreakable contract with their employer. Plus, many of these contracts are open-ended, meaning they go on [...]
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