so-called fake experts claimed that US Corporations r moving to China cause of cost: Why such big profits?
for the Corporations?
CEO’s + executives are getting $4,000,000-$20,000,000 bonus……..while the workers are making $12–$18 per hour.
Tags: Profits, fake, corporations, claimed, China, moving, cost, socalled, suchRelated posts:
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The Chinese growth, which made it in the previous years “the workshop of the world”, is based on the cannibalization of the sectors where the Chinese revolution had expropriated capital (State enterprises, state banking system) to propel an economy led by exports in the world market, not local demand or profit in the domestic market. Strong capitalist development is driven forward on non-capitalist premises (for ex. loans are provided by the State banks without capitalist criteria), and, at the last instance, on over-exploitation of a cheap and vast labor force, disciplined under a Stalinist regime, on behalf of global capital.
China needs a growth rate of 9-10% to absorb every year about 24 million people joining the labor force, and 12-14 million poor rural farmers moving to the industrial urban sector. Any lowering of the growth rate below this mark adds millions of new unemployed and more explosive material for coming upheavals. In a hard landing of the Chinese economy from 12% down to the critical level of 6% (quite possible in the current conditions of the world crisis) amounts to a death blow to any legitimacy, and stability of the CPC bureaucratic restorationist regime.
The CPC leadership is split by a kind of double bound: either they try to keep a high growth rate by concentrating their efforts to the coastal zones and facing all the consequences abroad of the contraction in the US and world market and at home of the disintegration of the inner agrarian heartland; or they cut their links to the world market and turn inwards to build an internal (capitalist) market. Both processes cannot but exacerbate the contradictions to the point of explosion.
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They have big profits because they already moved to China.
I don’t have a problem with CEO’s making that kind of money. Movie Stars make $20Million per picture and that isn’t as hard as running a multi-national company.
fake expert? Only you don’t believe them then they are fake?
How come Liberals never make complaint about the salary paid to the sports and movie stars?
cutting cost = gross margin = fatter executive bonuses
executives make decision for the good of the corporation, when they do they are rewarded with bigger bonus.
executivies dont make decisions on the best interest of corporate employees.
remember, corporations are not out there to be your friend. they are worse than the government.
Not all CEO executives get those bonuses, and not all of the companies are public. Most companies are losing money right now and the owners that sunk hard earned money into them so that we can have jobs, are not making any profit right now.
I am a purchasing manager for a laptop manf. we have 4,500 people world-wide and sell to 220 countries so the process is a lot more complicated then you are letting on.
We did close a factory in California, and opened Two in China. It was a simple cost maneuver, to be competitive. Regardless of what you may believe, for a company to survive it needs to be competitive. You may want to invest some time reading about basic economic principles, ins ted of demonizing hard-working people.
That CEO is responsible for a whole lot more people and business decisions than that $18/hour worker is.
The beauty of this country is that there is nothing at all stopping you or any of us from becoming that CEO earning millions. I personally wouldn’t want to deal with everything they have to deal with and it doesn’t fit my personality, but I recognize that there isn’t anything stopping me from working hard to get the management an industry experience necessary to eventually start leading parts or all of a company.
Manufacturing costs are much lower in China. Quality is high. The legal system is better.
Obviously, you’re a Democrat.
People pointing out easily observed facts are dismissed as “discredited” while those with a 100% track record for being wrong are “experts.”
Maybe some of the workers should start their own corporations.