2010年6月8日 星期二

6/11 Discussion Topic- Rising salary~

Dear all

We are going to talk about the hitting issue regarding salary rising for Blue-collar labor in China.
As you may know that China has been claimed as the world factory because of its low labor cost and manufacture cost. Cost issue has been emphasized by every modern business. For some, cost concern is even more important due to their low gross profit rate. However, the pressure of inflation is lurking across every corner of the Mainland China while the same measure of cost-down is still on the way. The consequence could be contradictorily devastating. Hence, the result is cystar clear, isn’t it?

Wages are on the rise!
Pls refer to the attached report from NY times and do some thinking over the following questions as well.

http://www.nytimes.com/2010/06/08/business/global/08wages.html?WT.mc_id=BU-SM-E-YT-SM-LIN-IOP-060710-NYT-NA&WT.mc_ev=click

Q1. Do you believe that rising salary standard is good way to go for Foxconn? Would there be any impact on other competitors and followers in similar ind.? What would you do to cope with such dilemma if you were one of those manufacture owner?
Q2. Since the new salary reaches the recorded high level, which even surpasses the TW restricted monthly salary standard in term of NT dollars, is it a good idea for those Taiwanese companies to go back Tw for their production investment?
Q3. "Made in China" has been labeled as products with poor quality and low cost. A few weeks ago, Franz collection, a Tw-based porcelain company, met up with the setback when the French well-known company, Chanel, canceled the orders of Franz ' products due to the fact that the company's products were produced in China, and since Chanel is prestigious for its luxurious allure over its brand, such "Made in China" items will link Chanel's Products to a negative image, which may deter Chanel ‘Customers from purchasing its products. Perhaps for low-bottom tech and manufacture companies, cost-down strategy can be attributed to its successful mode of business formula. As for companies selling luxurious products, would it still be wise for them to follow the same rule? Pls state your reasons and opinions over this question.
Q4. In recent years, Taiwan has been facing the same issue as well. Usually the salary goes up as the price level is up. However, here in Tw, indication of the entry-level salary has shrunk years by years although the inflation grows each year. Pls inform your views on this phenomenon.

Q5. Property gap is widening across the whole world. For instant, in Taiwan, 20% of people hold over 80% of money. What is your perspective over this subject?

As for more discussion for such topic, you may check out the following link on u-tube.
http://www.youtube.com/watch?v=akVL7QY0S8A
Professor Warren of Harvard law school is expressing her research over the collapse of middle class. Her study is rather neutral but also depressive.
Find some time to go over the speech!
Bless you all

Best Wishes
Duke

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