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Foxconn to Hire 1 Million People in India by 2020

posted by janrinok on Tuesday July 14 2015, @11:43AM   Printer-friendly
from the outsourcing-the-outsourcers dept.

n1 writes:

El Reg reports:

Apple manufacturer Foxconn reckons it will create one million jobs in India by 2020 – nearly the entire number of its current Chinese workforce – according to reports.

Hon Hai otherwise known in the West as Foxconn, last month revealed it was setting its sights on India due to increasing wage costs in China.

The firm has not released any more details or elaborated on what the plans will mean for its Chinese manufacturing base. However, it does appear to be slowly fleshing out a relocation move.

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  • (Score: 3, Insightful) by AndyTheAbsurd on Tuesday July 14 2015, @01:56PM

    by AndyTheAbsurd (3958) on Tuesday July 14 2015, @01:56PM (#208887) Journal

    Robots taking over means every labor market has prices that are too high. That only happens if basic income (or very easy-to-get welfare, which amounts to the same thing) happens - otherwise, under-the-table labor takes over, at prices less than the official minimum wage, because everybody has needs.

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