Factories are cutting the overtime that workers depend on to supplement their modest base salaries, after a drop in overseas orders.
According to CLB, the average basic wage for electronic workers is about RMB1,500 ($236) a month, but rises to RMB2,500 with overtime. “Their basic wage is never enough on its own without overtime,” Mr Crothall said.http://www.cnbc.com//id/45422953
My comment: The cost of living should be in line with wages. It is risky to ask a worker to depend on overtime work (which depends on global growth) to earn enough to pay the bills. If the cost of living is kept within control, this type of risky situation should not arise. The greed of the rich is pushing up the cost of living - and this is happening all over the world!
2 comments:
Will there a revolution in PRC?
Retirees better get out now and save $ in CPF
For more unrest news, go to Radio Free Asia
http://www.rfa.org/mandarin
Prepare for riots in euro
collapse, Foreign Office warns
http://www.telegraph.co.uk/news/politics/8917077/Prepare-for-riots-in-euro-collapse-Foreign-Office-warns.html
Now UK faces a £5bn bill to bail out Spain... as ministers plan for euro collapse
Read more: http://www.dailymail.co.uk/news/article-2066196/Now-UK-faces-5bn-bail-Spain--ministers-plan-euro-collapse.html#ixzz1etURfN3c
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