posted on Mar, 31 2007 @ 04:49 AM
Originally posted by Icarus Rising
Something has to be done about the massive trade deficit with China.
If they are artificially devaluing their currency in order to gain a competitive advantage over US manufacturers, or dumping goods at less than cost
to saturate the market, the federal government needs to step in and protect our business interests.
I think they (China) are actually hurting probably every
countries economy by flooding the worlds market with "cheap labor" products (read,
sweat shops) or at least the countries they can, with products that are produced, by today's standards, should be called slave factories.
Of course you could undermine another countries economic stability when one country (let's just say the US), pays a worker to make a product at a
wage of $7.00 an hour, but in China, in sweat shops
are forced to produce the same product for almost pennies an hour, and then couhtries (like the USA) allow them to ship their products into the US.
Under Chinese law, employees cannot be forced to work more than eight hours a day and overtime must not exceed 40 hours a month.
There's a local minimum monthly wage too of $66. But every single worker we spoke to from many different factories around Shenzhen had at
some point either been overworked or underpaid.
This is not an even playing field, and I really don't understand why countries haven't banned together, long before now, to stop this export of all
the sweat shop products being exported from China.
[edit on 31/3/07 by Keyhole]