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Thread: chinese companys cut wages by 30 to 50 percent

  1. #11
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    stjames1_53's Avatar Senior Member
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    Quote Originally Posted by PJL View Post
    .....and $400 per month is substantially higher than 2cents per hour ......(lol)
    now, cut that in half..........We don't run China nor its employees.
    Yu got a complaint, talk to your hero Mao.

    ....get it........"yu"
    Last edited by stjames1_53; 02-19-2020 at 09:03 PM.
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    "The Nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools."
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    nathanbforrest45's Avatar Banned
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    Quote Originally Posted by PJL View Post
    .....and $400 per month is substantially higher than 2cents per hour ......(lol)
    (lol), it still isn't close to what Capitalist countries pay their workers. (lol)

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    In the spirit of full disclosure $400.00 a month for big city workers does not include the one room homes for the factory worker and his family or the monthly 50 lb bag of rice and the free bus rides from home to the office.

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    carolina73's Avatar Senior Member
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    Quote Originally Posted by bulletbob View Post
    (Bloomberg) -- A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs.
    To slow the spread of the virus that’s claimed more than 2,000 lives, Chinese authorities and big employers have encouraged people to stay home. Shopping malls and restaurants are empty; amusement parks and theaters are closed; non-essential travel is all but forbidden.
    What’s good for containment has been lousy for business. With classes canceled at a coding-and-robotics school in Hangzhou, employees will lose 30% to 50% of their wages




    https://www.yahoo.com/finance/news/c...020241284.html
    Remember the months after 9/11 in the USA. Many places came close to closing and some did when the orders stopped from the uncertainty.
    Now imagine millions of Chinese low paid workers becoming unpaid, unemployed and quarantined. This isn't for just a few days and it could get very tense.

    And they laugh at us that prepare.

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    Yes the virus is on the edge of being declaired a pandemic

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    Quote Originally Posted by nathanbforrest45 View Post
    (lol), it still isn't close to what Capitalist countries pay their workers. (lol)
    PJL will find a way to blame Trump........
    3
    2
    1
    ........
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    Igitur qui desiderat pacem, praeparet bellum

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    Xi Jinping will keep his job because he runs a Bernie Sanders style country that gave government all the power and government with all that control do not give it up.

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