No Child Labor Here

Tyler Durden's picture




 

At least Chinese retirement funds don't have to worry about a cash outflow crunch any time soon. Tangentially, perhaps BlackRock can create a 3x levered ETF tracking the profitability of Chinese fake birth certificate and driver license fabricators?

From Bloomberg: "Employees are seen at the end of a work day outside Foxconn Technology Group's compound in Shenzhen. Many of the younger workers the company hoped to employ don’t want to work in factories, said Auret van Heerden, chief executive officer of the Washington-based Fair Labor Association."

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Wed, 03/27/2013 - 12:55 | 3381765 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Perhaps this is the Chinese version of "No Child  left behind".

Wed, 03/27/2013 - 12:57 | 3381776 redpill
redpill's picture

On the bright side, they weren't aborted.

Wed, 03/27/2013 - 12:59 | 3381785 TruthInSunshine
TruthInSunshine's picture

Fret not, because the infrastructure installation in the rest of the world hasn't slowed down during the Great Repression, and there's always a bountiful slave commodity market somewhere with employees willing to work for what the Foxconn slaves used to (or less).

Wed, 03/27/2013 - 13:02 | 3381791 Manthong
Manthong's picture

The noodles are actually pretty good.

Wed, 03/27/2013 - 13:12 | 3381821 ParkAveFlasher
ParkAveFlasher's picture

Shenzhen?  I thought that was class letting out at Flushing High School.  (Queens NY joke, sorry.)

Wed, 03/27/2013 - 13:24 | 3381894 t99williams
t99williams's picture

No kidding ParkAve!  Several years ago I got off the 7 train in Flushing for the first time since I was a kid and was shocked at the change.

 

Wed, 03/27/2013 - 13:44 | 3381988 Stackers
Stackers's picture

Well there is only one stone age culture left on the planet to exploit for cheap labor now. Next stop Papa New Guinea Cannibal Hill Tribes !!!

Wed, 03/27/2013 - 14:24 | 3382246 SafelyGraze
SafelyGraze's picture

they are simply taking a short break from their managers' meeting

 

Wed, 03/27/2013 - 13:45 | 3382004 Titus
Titus's picture

I wonder how many of those "adults" could get someone charged with statutory rape in the US?

Wed, 03/27/2013 - 13:31 | 3381897 Frozen IcQb
Frozen IcQb's picture

They can start with tracking Obama's fake birth certificate

Wed, 03/27/2013 - 13:08 | 3381812 Kirk2NCC1701
Kirk2NCC1701's picture

Baghdad Bob:  How can you say such a thing!?  Many of these are poor orphans, who now have socially-responsible corporate sponsors.  They are happy.  They belong.  They strive to be all they can be, thanks to their generous sponsors.

Wed, 03/27/2013 - 15:10 | 3382505 sluggo
sluggo's picture

No.....But their sisters were!

Wed, 03/27/2013 - 15:46 | 3382685 TruthHunter
TruthHunter's picture

I count 7 girls and 9 boys...Girls are over represented. Would it help to dress in drag

to get a job?

Wed, 03/27/2013 - 16:03 | 3382769 akak
akak's picture

How can you tell?

All I see are copies of the same androgynous clone.

Wed, 03/27/2013 - 18:52 | 3383456 Quantum Nucleonics
Quantum Nucleonics's picture

9-7 is about where China is, 1.28 boys/girls, which is a demographic disaster.  The natural ratio is 1.05 boys to girls.  There are a lot of people in China now, but if you extrapolate the very low fertility rate with the skewed gender ratio, it gets pretty ugly for China demographically-speaking in a few decades.

Wed, 03/27/2013 - 17:29 | 3383174 kalasend
kalasend's picture

Sigh...only if you had heard stories about the aborted second childs...if fines couldn't be afforded, that is.

Wed, 03/27/2013 - 12:58 | 3381777 Ahmeexnal
Ahmeexnal's picture

By the looks of their youth, China is screwed.  That bunch of obese, drug addict, self entitled kids depict the future of their country.

Wed, 03/27/2013 - 12:58 | 3381781 kito
kito's picture

LOL.....you must be looking at a picture of a local high school in the u.s.......................................

Wed, 03/27/2013 - 13:00 | 3381787 Ahmeexnal
Ahmeexnal's picture

Kito, my mistake....forgot to append the /sarc tag

Wed, 03/27/2013 - 13:13 | 3381832 kito
kito's picture

no sarc needed...just wanted to clarify your thoughts for the others.......  :)

Wed, 03/27/2013 - 13:43 | 3381984 eclectic syncretist
eclectic syncretist's picture

Sarcasm, I thought it was satire?

- Quit reading this Ben and get back to your printer.

Wed, 03/27/2013 - 13:14 | 3381833 drink or die
drink or die's picture

Apparently some people are too dumb to look at a picture, read your comment, and use critical thinking to apply their own sarcasm tag.  Must be the drugs.

Wed, 03/27/2013 - 13:16 | 3381847 insanelysane
insanelysane's picture

"Apparently some people are too dumb to look at a picture, read your comment, and use critical thinking to apply their own sarcasm tag.  Must be the drugs."

This doesn't sound like sarcasm to me.

Wed, 03/27/2013 - 13:23 | 3381882 Dr. Engali
Dr. Engali's picture

If people need  the sarc tag after this long they will never get it. I say screw the sarc tag and if they don't get it that's their problem.

Wed, 03/27/2013 - 14:53 | 3382409 Snoopy the Economist
Snoopy the Economist's picture

Really? So I have to try to figure out what everyone is 'really' trying to say? Don't you think clarity resolves untold millions of misunderstandings?

Wed, 03/27/2013 - 15:00 | 3382437 fonzannoon
fonzannoon's picture

snoopy you forgot your "sarc" tag

 

Wed, 03/27/2013 - 13:14 | 3381811 fonzannoon
fonzannoon's picture

Hey guys, check this out...

"Panera calls it the Meal of Shared Responsibility".....

http://www.newsday.com/business/panera-trying-new-pay-what-you-want-experiment-1.4919543

as an edit. Here is a Yelp review. What this customer found out happens after 6pm I saw yesterday the one by me no longer accepts anything over $20 from now on.

THE VISIT
Arrived at 6:15pm and placed a $31 order. When I presented a $50 bill to to check out, I was told they do not take anything over a $20 after 6pm. I asked for the manager and pointed out it was only 15 min past six, the change due me was only $19 and there was no sign or other notification posted. She DID NOT CARE. When I explained the fifty was the only money I had on me, she said I would have to go find change elsewhere and come back. Not a chance!!! I went next door to SmashBurger and enjoyed a great meal.

THE LESSON
If you just can't live without the brainless service at Panera Bread, take a bag of pennies with you if you go after 6pm. Not all U.S. Currency is accepted there.

Wed, 03/27/2013 - 13:22 | 3381880 irie1029
irie1029's picture

Have you read the sodium content in thier crap.  Yuck 

Wed, 03/27/2013 - 13:24 | 3381889 kito
kito's picture

fonz....only vampires use counterfeit bills???

Wed, 03/27/2013 - 13:34 | 3381917 fonzannoon
fonzannoon's picture

Kito I have seen those signs everywhere. If I was in a cash business profession and had a lot of those large bills I would be in panic mode.

edit -  "business profession"?

I'm leaving it. Sometimes it's good to illustrate your own stupidity.

Wed, 03/27/2013 - 13:40 | 3381969 kito
kito's picture

its just funny how they wont take the large bills after hours.......as if all of the counterfeiters are waiting for the sun to come down to pass their funnymoney......................

Wed, 03/27/2013 - 13:44 | 3381994 fonzannoon
fonzannoon's picture

Yeah I am busy but I laughed my ass off at the vamp comment

Wed, 03/27/2013 - 14:16 | 3382202 akak
akak's picture

"Large bills"?

What is a "large bill", when the $100 bill today has the same purchasing power as a $20 in 1975?

In the USA, at least, there is no such thing as a "large bill" --- unless you happen to have one of the old (and long out of circulation) $500 or $1000 bills.

Wed, 03/27/2013 - 14:21 | 3382236 kito
kito's picture

with the middle class evaporating and the new welfare class growing by leaps and bounds, even $20 bucks is considered a "large bill".......

Wed, 03/27/2013 - 17:22 | 3383137 Telemakhos
Telemakhos's picture

Accepting only 20's and under lowers the cash they keep on hand at night for making change. They think, perhaps rightly, that the chances of being robbed are lower for being known to have less cash in the drawers (the day's till already having been deposited) and that robbery is substantially more likely at night than in the daytime. These policies usually obtain only in more diverse (socioeconomically, of course) areas and in establishments targeted at middle and lower class customers. It has nothing to do with counterfeiters.

Wed, 03/27/2013 - 14:11 | 3382174 ronaldawg
ronaldawg's picture

If you have $100 or $50 after hours go to a grocery store that has automatic checkout lines (or Walmart) - these bills will work in their automatic bill readers (even though it says $20 or lower).  In So Cal I have never failed at Ralphs, Vons or Walmart.  I guess those stores REALLY want to be paid.

Wed, 03/27/2013 - 13:11 | 3381824 LFMayor
LFMayor's picture

naw, just tweet pics from this past weekends Magik the gathering party he hosted in moms basement. /sarc

Wed, 03/27/2013 - 12:58 | 3381782 MiguelitoRaton
MiguelitoRaton's picture

"Asians just look young, trust me." - Tim Cook

Wed, 03/27/2013 - 12:55 | 3381766 RacerX
RacerX's picture

China: The Paper Tiger

Wed, 03/27/2013 - 12:57 | 3381775 Kirk2NCC1701
Kirk2NCC1701's picture

Baghdad Bob:  They are all of legal working age.

Wed, 03/27/2013 - 13:00 | 3381784 Ahmeexnal
Ahmeexnal's picture

Bangkok Banjit said the same thing.

Wed, 03/27/2013 - 12:59 | 3381779 Shizzmoney
Shizzmoney's picture

China having an affordability crunch happening too in their rents; they are kicking people out of Shanghai slums (where rents are affordable):

Govt slum clearing plans in leaves migrant workers wondering about next move

http://t.co/JOsdUAo3Xh

Wed, 03/27/2013 - 13:00 | 3381783 Frank N. Beans
Frank N. Beans's picture

chinese don't wrinkle.  these guys are in their 40s and 50s.

Wed, 03/27/2013 - 13:02 | 3381792 Hobbleknee
Hobbleknee's picture

They look old enough to work to me.  The prolonged adolescence that is promoted in the West today is not healthy.

Wed, 03/27/2013 - 14:16 | 3382203 Big Corked Boots
Big Corked Boots's picture

No kidding. I had my first formal job at 15... did informal labor years before that.

Wed, 03/27/2013 - 13:02 | 3381793 toys for tits
toys for tits's picture

They're just imitating Stanhope, Queensland, Australia.

http://cdn.acidcow.com/pics/20130327/acidcow_pics_02.jpg

Wed, 03/27/2013 - 13:03 | 3381794 tokengator
tokengator's picture

clearly photoshopped. All those people in the photo are the same person. 

Wed, 03/27/2013 - 13:04 | 3381799 stinkhammer
stinkhammer's picture

crown royal bag?

Wed, 03/27/2013 - 13:04 | 3381801 diana_in_spain
diana_in_spain's picture

how come in greece there is 60% unemployment among the young but in china  all the employees are young?

Wed, 03/27/2013 - 18:14 | 3383353 ronaldawg
ronaldawg's picture

Southern Euros are lazy - next question....

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