Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

user4779
Member since December 2014
48 commentaries - 1 follower

1 followers

has posted a comment on the article :

Reflections on the effects of War as compared to the effects of Fiat Money

- Hugo Salinas Price - Plata.com.mx

According to tradingeconomics.com, the average wage for Chinese industrial workers is CNY46,431 or about USD7480 per annum. The unfortunate Foxconn polishers (hardly "technicians") you cite would thus have to work a 100-hour week to get a tenth of this average. The technician I was referring to would be at the skilled end of the industrial workforce, earning above-average pay (say $10,000 p.a.) and monitoring automated plant. See, for example, this article from last year (which incidentally mentions the appalling Foxconn):
http://www.wsj.com/articles/SB10001424052702303759604579093122607195610
This kind of equipment was not available 30 years ago, and produces massively more than what American (or any other) workers could in those days. Let us hope that the days of Foxconn-type sweatshops in China are numbered.

Commented 3397 days ago

Send

Beginning of the headline :Modern warfare is highly destructive. A couple of centuries ago, wars involved fighting between armies; civilians were spared. Cannons were directed at the opposing army. Today, war means general destruction; civilians on the losing side can expect to be plundered, killed or raped. Cities are targeted for mass destruction... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis