Today in Human Geography class we continued watching and
discussing the video of China’s economy called “The People’s Republic of
Capitalism” in today’s portion we saw how much money we get paid compared to a
lot of people in china in the construction business. To be exact, the minimum
wage in America is $7.50 per hour which amounts to about $15,000 a year. On the
other hand in China, women, working hours on end moving heavy bricks in a
dangerous environment make about $1-2 per DAY.
Men doing the same type of job get paid a little better at $3-4 per day. You
may be thinking that this is not fair. Well, it is, but fair does not necessarily
mean moral. It is fair because, in marketing, if you work in China making Apple
computers for little money (which it’s like that right now) Apple products are
already pricy. Try increasing the cost of the work force (giving employees a
higher salary) then the price of the computer goes up accordingly. Conveniently
for sellers, there are mobs of people who are desperate for jobs like this.
This way the cost of computers does not get so high that it causes a lack of
customers.
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