A Brief Note On Hon Hai Precision Industry Co. Ltd

“There is barely sufficient work for the regular employment of half of our labourers, so that only 1,500,000 are fully and constantly employed, while 1,500,000 more are employed only half their time, and the remaining 1,500,000 wholly unemployed” (Thompson cited in 250)

According to the Mainstream Economics school of thought, there is not a labor problem, in their eyes there might me a labor situation which will work itself out naturally. Having no problem with labor, there would be no solution, having nothing really change the Mainstream Economics school of thought. The ‘mosquito' in the Human Resources school of thought is poor management, and if management can be improved then employees will feel more appreciated better wages will follow due to the realization of the value of the employee. Therefore, employees will be happier in the workplace increasing productivity. In the Human Resources school of thought, the improvement to management will create a balance between efficiency, equity, and voice. In the Industrial Relations school of thought, the labor problem is blamed on the unequal bargaining power given to large corporations and so little given to the individual workers. Industrial Relations' solution to such inequality of bargaining power is to increase workers bargaining power through organized unions to create collective bargaining. In a different scenario the cause of the labor problem lies with the control of societal institutions and the means of production for the benefit of certain classes; this is through the lens of Critical Industrial Relations school of thought. This extreme school of thought calls for an extreme solution; being that there should be a significant restructuring to the nature of capitalism. Critical Industrial Relations is the most extreme thinking and is sometimes referred to the Marxist school of

With the implementation of minimum wage and rising production costs in the United States, many companies have found themselves looking for a way to save money on production. Clothing manufacturers such as Nike have used labor forces in other countries, mainly in Asia to produce their products. These countries can offer similar quality labor for a cheaper cost on wages. The lower or non existent minimum wage laws in foreign countries allow companies like Nike to cut production costs drastically, while still being able to produce quality products. Similar trends are starting to creep into software companies. They are finding a workforce able to do similar work as the American workers, but for less pay.

• The enormous surplus of labor in China imperils workers worldwide as international competition puts incessant downward pressure on wages and working conditions, leading the apparel and textile industries to favor the cheapest and most Draconian producers.

17. According to the traditional view of the production process, how does output per worker change when capital per worker increases?

One of the hallmarks of china’s socialist economy made a statement promise of employment to all and job-security with virtually lifelong tenure.They were overstaffed to fulfilling socialist goals and job-security lower the workers ‘motivation to work.This socialist policy was called the iron rice bowl.China’s employed labor force is rarely over 800

productivity is high with reduced labour cost as a result of less man hours. But most

The firm is not able to realize economies since they are not able to produce larger orders as easy. They are not able to meet capacity utilization within the plant due to operational inefficiencies.

Just as a tractor is composed of thousands of iron parts, working smoothly and without knowledge or passion about the results of their labor, the company is made of men who work rigidly and disinterestedly at the tasks assigned to them. The machines sever the people from the

In the race to the bottom, as Mark promptly points out, when price is a priority, workers’ safety is not. However, due to wide unemployment and lack of alternatives in Bangladesh, the workers are ready to work for wages that are next-to-nothing. These workers or proletariats, according to Karl Marx, who have nothing to offer but their labor, are boldly exploited by the bourgeoisie, the owners, to accumulate profits for themselves, disregarding the poor condition of the workers. It also agrees with the conflict view that offshoring leads to further global inequality and the case in question clearly provides an empirical evidence for the argument. Barry however deserves appraisal because unlike his competitor giants, he cares about his workers, paying them three times the minimum wage and checking up on them every few months.

For the production, Holey Soles have increasing the production capability in the short term by acquiring a second cementing line and installing new machines, as well as the third factory XS was identified and inspected; In the long term, it is recommended Holey Soles increase production line in other county to have other opportunity. Based on the transit time from China to Europe on 45 days, if Holey Soles expend the manufacturing facility in eastern Europe, it will decrease the transition time, and negotiate with factory for the inventory for Europe customer.

According to the case we know that labor costs in china may have a big increase in the next 10 years, from 40% totally to 10% annual increase to even 40% annual increase.

China is one of our biggest labor competitors. The reason many US companies go to China for outsourcing is again, because of their workforce’s willingness to operate at low costs. Michael Zimmerman describes this as a disparity in worker “tolerance”. Where the low wages found in China are “far lower than U.S.

Labor is one of the largest and in certain sectors the most expensive component in the production of goods. Outsourcing acknowledges the labor cost to produce a particular product is cheaper if the manufacturer were to produce the same product in-house where the cost per unit is significantly higher. Stable labor costs are important for long-term revenue projections to be relied upon by managers because they are a precursor of where a company is trending financially. It is this efficiency-in-scale that confirms the benefit of the division of labor memorialized by Adam Smith. As a result of the wage disparity between the costs of American workers versus Chinese workers, hundreds of U.S. based firms relocated all or part of their operations to China, taking advantage of the inexpensive labor market and the many cost-saving incentives offered by the Chinese government.

Although production needs are being met, improvements in productivity are always at the forefront of management’s thoughts. Doing more with less is a constant effort for middle management and hourly laborers. Over all the