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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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Foxconn to Hire 1 Million People in India by 2020
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If you find a solution and become attached to it, the solution may become
your next problem.
(Score: 1) by khallow on Wednesday July 15 2015, @12:51AM
These jobs are being exported, which is to say they would not exist without the "investment" of the so-called "developed world". So it is not that progress in labor has faltered in the developed world, it is that labor has been intentionally betrayed.
You could see it that way, but it's not going to change a thing. The new markets and the new powers of this century don't have any loyalty to developed world labor.
(Score: 2) by aristarchus on Wednesday July 15 2015, @06:31AM
Ah, yes! But since you bring loyalty into it, the nations where these workers reside have no loyalty to the capitalist bastards exploiting them, except insofar as they are bought. So, "nationalization"? Worker Ownership? Soft Socialism? Far more dangerous in those places that in the US where a Confederate battle flag and anti-unionism are seen as patriotic, no? C'mon, khallow, you can clearly see the whole system is unsustainable, and will be going down within our lifetimes. Time to get on the side of history!
(Score: 1) by khallow on Wednesday July 15 2015, @09:29PM
But since you bring loyalty into it
Actually, you implied it by the word, "betrayal".
the nations where these workers reside have no loyalty to the capitalist bastards exploiting them, except insofar as they are bought. So, "nationalization"? Worker Ownership? Soft Socialism? Far more dangerous in those places that in the US where a Confederate battle flag and anti-unionism are seen as patriotic, no? C'mon, khallow, you can clearly see the whole system is unsustainable, and will be going down within our lifetimes. Time to get on the side of history!
I think you will end up pleasantly surprised. It's a lot more sustainable now than it was in 1950 and I think that trend will continue. The current developed world might have to be restructured economically due to high levels of publicly held government debt, central bank gaming, and the Eurozone mess, but I don't see those problems as insurmountable.