why the workers in china are paid so low?
why there are more corruption in china,the people in there suffered more than the american
- Anonymous8 years agoFavorite Answer
It is the old trick which has been known since the classical era. It is called currency manipulation to keep the wage rate low as possible. Because at the begging of its development,FDI is the most essential tool. Not only China, most of the NICs today have been doing since the 1960s. It might be called industrialization or industrial policy,means agriculture will be dead soon.
- ?Lv 78 years ago
I have been to China thrice. I saw the prosperity of average Chnese at the same level as those of other countries in South East Asia. It may be true that people licing in rural China may ne be as lucky as those living in cities, this is not a new phenemennon, but the anxiety for the next paycheck and getting less profit margin is the same everywhere. Chinese are surviving well in these days where the Europeans in Greece, Spain, Ireland, Italy and even France are worrying if they can keep on their standard of living due to the downturn we can see in the developed countries. The thing is that the cost of living in China is almost at par with the cost of living in a developed country, if you consider the earning to prices of the essentials ratio. To you the Dollar to RMB equivalent and vice-versa is showing that the Chinese are paid les, but their goods are not as costly as the goods are in the developed country. This is what I find true for any developing country. Of course, the quality of life in China is not the same as that in teh Western world. They are as content or grumbling as you are doing in your country. The degree may vary this way or that way, but the fact is that, we are constantly seeing the life is getting tougher to live with the earning we make. Important thing is that whether we are 'happy and content' or not.
About the corruption part, if any country's ruling-party does not have to be accountable to their people then proliferation of corruption is always there. Be that in North Korea, Vietnam, Burma, Bangladesh, Pakistan, Iran, Saudi Arabia and many such countries where the people in power can get away with corruption. You may refer to the Transparency International, Berlin's yearly report on Corruption Perceptions Index to get better idea on corruption those are happening around the world.
Hope this answers your question.
- LesusLv 78 years ago
I can't answer why there is more corruption, if there is, but workers are paid less because it is the going rate. Employers everywhere pay as little as necessary to get the workers they need.
- ?Lv 68 years ago
Supply and demand, there are many workers available but few jobs. China has failed to create internal demand in their economy. It is forcing many people to seek jobs in the export sector which drive down the wages.
- How do you think about the answers? You can sign in to vote the answer.
- 8 years ago
In China population is very high due to this factor more people are unemployed so the people of china want to work in low wages.
- AleconomixtLv 78 years ago
Again crocodile tears ! Gimmi account of Iraq oil !!!