Sun, 03 Jul 2005

chinese economic powerhouse.. but..

All this is great news for local resource giants such as BHP Billiton, Rio Tinto and Woodside, and for Australia generally. These companies can supply what China needs - the raw materials its super-cheap labour can use to develop the economy and further cement China's position as the manufacturing base for the rest of the world. And its labour is certainly cheap. Chinese textile workers, for example, are putting in 10-hour days, working nine days straight with the 10th day off, for between $80 and $240 a month. -- from The Age
But how long before they realise they are being ripped off to fuel the wealth of others.. how can Australia have a "level playing field" competing against factories with people working like this?

Posted at: 23:33 | category: /rants | # | 0 comments

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