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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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Your step will soil many countries.
(Score: 4, Interesting) by AndyTheAbsurd on Tuesday July 14 2015, @12:05PM
And in another few decades, India will have priced itself out of the market. Then that era's equivalent of Foxconn will move to someplace else with an even lower prevailing wage and fewer labor protections. I see two potential endpoints in this race to the bottom of the labor pricing barrel: Everywhere around the world implemented basic income, or effectively enslaved workers (possibly aboard seasteads in international waters).
Please note my username before responding. You may have been trolled.
(Score: 5, Insightful) by VLM on Tuesday July 14 2015, @12:11PM
Africa is next big spot for this kind of work. Massive Chinese financial investment, etc. I donno that they can do it. You can't run a semiconductor fab during an ethnic cleansing or famine or disease outbreak, for example. On the bright side, uncountable billions invested might mean they won't be permitted to behave that way anymore.
(Score: 2) by Thexalon on Tuesday July 14 2015, @01:28PM
Much of Africa is becoming more politically stable than it once was, with legitimate contested elections in many places and fewer disease outbreaks, wars, and famines. I could imagine a lot of companies successfully setting up shop in South Africa, Kenya, Namibia, Ivory Coast, or Burkina Faso.
"Think of how stupid the average person is. Then realize half of 'em are stupider than that." - George Carlin
(Score: 4, Funny) by Anonymous Coward on Tuesday July 14 2015, @01:53PM
Much of Africa is becoming more politically stable than it once was, with legitimate contested elections in many places
Can we get one of those here in the US?
(Score: 2) by Phoenix666 on Tuesday July 14 2015, @03:46PM
Why not the Tibetans and Bhutanese? Long before I ever learned to code I read Battlefield Earth and its depiction of lamaist monks really taking to programming. Now that I do that myself I think that L. Ron Hubbard was onto something with that.
Washington DC delenda est.
(Score: 0) by Anonymous Coward on Tuesday July 14 2015, @11:55PM
So, how'd you like the movie?
Rating: 3 percent [rottentomatoes.com]
-- gewg_
(Score: 4, Insightful) by c0lo on Tuesday July 14 2015, @12:12PM
Ummm... few decades? I'm not giving it more than 10 years. Wanna bet?
https://www.youtube.com/@ProfSteveKeen https://soylentnews.org/~MichaelDavidCrawford
(Score: 0) by Anonymous Coward on Tuesday July 14 2015, @12:22PM
> Ummm... few decades? I'm not giving it more than 10 years. Wanna bet?
China has had an official plan to increase minimum wage levels each year for a long time. The last 5 year plan said 13% annually. [china-briefing.com] I don't know if India can be relied on to make wage increases an official priority. Lack of a command-and-control economy and all that.
(Score: 3, Insightful) by c0lo on Tuesday July 14 2015, @12:45PM
Huh! Like it would matter... US had a pretty weak increase of federal minimum wage [wikipedia.org] over time, the purchasing power actually dropped ever since 1984... and yet it didn't take more than 15 years to lose most its "labor market"
https://www.youtube.com/@ProfSteveKeen https://soylentnews.org/~MichaelDavidCrawford
(Score: 4, Insightful) by Anonymous Coward on Tuesday July 14 2015, @01:14PM
and yet it didn't take more than 15 years to lose most its "labor market"
That is thru the actions of things such as NAFTA. We used to protect our labor forces because we felt it was strategic to do so from a military standpoint. But that giant sucking sound was our economy turning into a paper tiger. The way they sold it was 'it would be too expensive to move the factory'. Well apparently it wasn't.
(Score: 1) by khallow on Wednesday July 15 2015, @12:59AM
And when the entire population has priced itself out of the labour market, who the hell will have enough money to buy their products?
Why would that happen? I think what I find annoying about arguments on jobs is that one side consistently claims things that never pan out.
(Score: 2) by takyon on Tuesday July 14 2015, @01:28PM
robots
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 3, Insightful) by AndyTheAbsurd on Tuesday July 14 2015, @01:56PM
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.
Please note my username before responding. You may have been trolled.
(Score: 4, Interesting) by Phoenix666 on Tuesday July 14 2015, @03:49PM
If I build robots and give my neighbor the capability to build robots too and he his and we collectively share CAD drawings to manufacture what we want/need, why exactly do we need companies to micromanage our lives and subvert our societies again, exactly?
Washington DC delenda est.
(Score: 2) by Phoenix666 on Tuesday July 14 2015, @03:54PM
I guess we'll find out what happens when you deprive a totally disenfranchised population of even the hope of economic advancement. Oh wait, we were talking about China?
Washington DC delenda est.
(Score: 2) by AndyTheAbsurd on Tuesday July 14 2015, @04:42PM
The Chinese leaders saw what happened to the USSR, and figured out a large part of the reason for it, in time to save themselves from the next revolution.
I'm not so sure that North Korea's will be as observant.
Please note my username before responding. You may have been trolled.
(Score: 2) by Phoenix666 on Tuesday July 14 2015, @04:51PM
You know, I don't think so. In much of the rest of the world, the government has civil society to buffer it from the immediate consequences of its poor decisions. China doesn't have that because its government eliminated civil society as a threat to its power. As such, the power of the CCP is absolute, but absolutely brittle. The CCP faces essentially the same challenge that the Deep State faces in the West: how to funnel ever more wealth and power to the coffers of the few without suffering the ire of the masses. On the other hand, Chinese labor suffers under no illusion of universal suffrage the way Western populations have. Will their backlash be greater than ours, accordingly? Hard to say, but they will no more escape the coming revolution than we will.
Washington DC delenda est.
(Score: 2) by AndyTheAbsurd on Tuesday July 14 2015, @04:58PM
They only saved themselves from one revolution. There's always another revolution after that! (And they have made that one worse with their current actions. Whether or not they can save themselves from it when it comes remains to be seen.)
Please note my username before responding. You may have been trolled.
(Score: 2) by takyon on Tuesday July 14 2015, @03:55PM
Companies will have a capital and resource exclusivity advantage. What are you going to build your robots from? Will minerals, chemicals, or anything of value be involved?
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 1) by cheshire on Tuesday July 14 2015, @03:50PM
If nothing else the combination of 'dystopia' and 'seasteads' may have some story potential. Blade Runner/Shadowrun on the high seas could explore topics about what happens away from the control and protection of large government, like a future era wild west mining town with a despotic company dictating how people live and die.
(Score: 0) by Anonymous Coward on Tuesday July 14 2015, @09:06PM
Then that era's equivalent of Foxconn will move to someplace else with an even lower prevailing wage and fewer labor protections./quote>
You mean, Wisconsin? Scott Walker job creation! Too bad it's still decades away.