12:07AM
Honda disabled by strike at Chinese factory! I blame the communists!
Tuesday, June 8, 2010 at 12:07AM
WAPO, FT and WSJ stories.
Honda hit by strike from 1,800 workers at transmission factory that disabled adjacent production in three other plants.
How much stomach does Honda have for labor unrest in China? Even less than the Chinese Communist Party, whose rep for working labor within an inch of their lives is capitalistic enough.
So a weekend later we get news of a 24% pay increase.
Expect to read a LOT of these stories in coming years. It's not just the demographic shift (adding more old people after years of only cutting down the number of babies) that ends China's legendary-but-momentary "cheap labor" advantage. Workers, with practice, will get uppity.
Reader Comments