The story is that Foxconn are investing in new factories with modern production instead of the simple solution of closing down the factories and moving them to a country with cheaper labor.
I always see the newspaper article about how cheap labor is in China and how someone who has worked 90hrs only earns $200/month after tax, accomodation and social security has been deducted! I started my working life like this on the bottom run of the ladder! I find people today want to walk out of college into $75K jobs without proving themselves.
$200/month, this is for someone with little education and their first job, for example my maid earns $300/month. These jobs exsisted in the west until very recently and what people fail to remember is, no one stays in a $hit low paid job for ever. After a couple of years or so the person goes and finds themself a better job, or gets a promotion. They now have work experience and a proven employment history for putting on a CV.
For ever 1 person in China earning $200/month there is someone earning $20,000/month. There are 300,000,000 people working in China and they all want the same living standards as those in the West. As the Chinese become richer those in the West will have to become poor as a result, only so much cake in the world.
I wonder which contry those 1000,000 robots will be built?
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