They occupied about 25% of the whole province’s workforce, but only created 8.5% value in return. On one hand if they close down or move out, there’s more room for advanced companies. On the other hand, if they choose to upgrade their management and productivity, good news for both sides. Either way, China is moving up the industrial ladder, heading for modernization, less-pollution and higher efficiency...
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Either way, China is moving up the industrial ladder, heading for modernization, less-pollution and higher efficiency. Socially, the gap between the poor and the rich is dangerously widening than ever. Our workers have long been deprived of their due benefits. The average payment per hour equates to perhaps 2-3% of what workers earn in the west...
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