A Rare Glimpse Inside FoxConn

Tyler Durden's picture




 

No, it's not all suicidal workers and robots... Bloomberg's Christine Hah takes a look inside the world’s largest consumer electronics producer, Foxconn, as it unveiled a new campus in the relatively-undeveloped city of Guiyang last week.

 

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Tue, 07/15/2014 - 21:52 | 4961321 Baby Eating Dingo22
Baby Eating Dingo22's picture

So rare it's invisible?

Tue, 07/15/2014 - 21:54 | 4961327 TideFighter
TideFighter's picture

Photo taken from the iPhone 5. 

Tue, 07/15/2014 - 22:04 | 4961341 Pool Shark
Pool Shark's picture

 

 

Censored by the Chinese government?

"Nothing (literally) to see here; move along."

 I knew the smog in China was bad, but c'mon guys...

 

 [Sum Ting Wong]

 

Tue, 07/15/2014 - 22:03 | 4961352 nmewn
nmewn's picture

Surely, if we just GoGGle it, we will know truth ;-)

Tue, 07/15/2014 - 22:21 | 4961393 AlaricBalth
AlaricBalth's picture

I have read about Chinese ghost cities. This is the best one yet.

http://www.zerohedge.com/news/2013-09-21/chinas-ghost-cities-are-multipl...

Tue, 07/15/2014 - 22:26 | 4961417 pods
pods's picture

Wow, that was a quick glimpse.  

While we wait for the tape to rewind, let me tell you one more thing about the negro.

pods

Wed, 07/16/2014 - 00:26 | 4961677 BLOTTO
BLOTTO's picture

SOrry guys, maybe im a bit fucked up over here on my end, but is their a picture missing?

.

Im baked.

Wed, 07/16/2014 - 00:56 | 4961722 Ralph Spoilsport
Ralph Spoilsport's picture

Nah man, you're cool. It's just takes a while for the picture to load.

Tue, 07/15/2014 - 22:10 | 4961369 Escrava Isaura
Escrava Isaura's picture

Foxconn, in undeveloped city of Guiyang?

Not possible! I heard they were moving to Mississippi and Alabama.

 

Tue, 07/15/2014 - 22:20 | 4961400 nmewn
nmewn's picture

Yeah, city folks have always been in favor of cheap i-shit and "Union dues" until the bill comes in the mail.

Then its always someone elses fault, never theirs.

Tue, 07/15/2014 - 22:00 | 4961342 suteibu
suteibu's picture

You must need Apple's predatory...I mean proprietary software to see it.

Tue, 07/15/2014 - 21:55 | 4961331 NoDecaf
NoDecaf's picture

blue screen of death is now white

Tue, 07/15/2014 - 22:12 | 4961376 Escrava Isaura
Escrava Isaura's picture

No! Its' the weather.

Tue, 07/15/2014 - 22:13 | 4961380 pods
pods's picture

That is how undeveloped it is.  Nothing there at all.

Maybe that is an inside look at their newest high powered fog machine?

pods

Thu, 07/17/2014 - 00:12 | 4965937 Matt
Matt's picture

Blue Screen of Death is a Microsoft thing. Apple has snow crash.

Thu, 07/17/2014 - 00:15 | 4965961 Duffy Duck
Duffy Duck's picture

have you happened to notice more of them lately?

Tue, 07/15/2014 - 21:58 | 4961337 brown_hornet
brown_hornet's picture

At least I can still see the Lulu's ads

Tue, 07/15/2014 - 22:04 | 4961354 buzzsaw99
buzzsaw99's picture

I see a red door and I want it painted black.

No colors any more, I want them to turn black...

Tue, 07/15/2014 - 22:05 | 4961355 spinone
spinone's picture

Sum Ting Wong

Tue, 07/15/2014 - 22:06 | 4961356 Wild Theories
Wild Theories's picture

"it's not all suicidal workers and robots..."

 

So without the suicide workers and robots there is actually nothing there? nice one Tylers, you pulled that right off.

Wed, 07/16/2014 - 08:17 | 4962093 PT
PT's picture

^^^^   Yeah!  What he said.

 

 

 

 

Hey Wild Theories.  Your green arrow isn't working.

Wed, 07/16/2014 - 08:59 | 4962195 exi1ed0ne
exi1ed0ne's picture

That happens when someone begins with a quotation mark.

Tue, 07/15/2014 - 22:08 | 4961364 stinkhammer
stinkhammer's picture

sucky, fucky nine dolla

Tue, 07/15/2014 - 22:13 | 4961379 Dr. Engali
Dr. Engali's picture

Aaannnddd..... It's gone.

Tue, 07/15/2014 - 22:20 | 4961399 Professorlocknload
Professorlocknload's picture

Ghost in an unseasonal blizzard?

Tue, 07/15/2014 - 22:38 | 4961435 yogibear
yogibear's picture

It's the ghost FoxConn your seeing. Actors from the Party's Chinese theater.

Back to the slaves and whips afterwards.

Tue, 07/15/2014 - 22:43 | 4961453 Yes_Questions
Yes_Questions's picture

 

 

I love it. 

 

Priceless!  

 

Foxconnnnn was re-hypothecated into nothing.

 

Tue, 07/15/2014 - 22:57 | 4961492 laomei
laomei's picture

FoxConn honestly isn't all that bad.  Most Chinese factories are honestly not all that bad.  It's hardly "slave labor" conditions.  The main issue that pops up is the generational shift.  The current generation has much higher aspirations for living standards and is not content to go back to the farm.  A shitty degree or no degree at all... whatever, the problem is they come to the city, adapt to the city, make some good money.... but, despite it being more than enough to go back home and live very well, they see the lights of the cities and want to stay.  Their wages, however, are not going to support that life.  The older factories played mainly to local labor and housing costs were lower.  Car ownership was not so crazy either.  The factories stayed put, but the labor came in from places further away.

 

To put it in US terms.  Imagine if NYC jacked up minimum wage to $15 an hour for fast food.  People with zero notion of how much life costs in NYC pour in, and hell, McD's is cool enough to setup employee housing for basically free.  $15 an hour, with loads of overtime, call it $45k a year taxfree in your pocket.  Sounds great.  However, that will NEVER afford a home in NYC, just ain't gonna happen.  Back in shitfuck west virginia it might, but fresh grad Joe, first time in the big city probably doesn't want to go back there.

Renting does not work out really.  In China you more or less have to own property if you want ANY stability in life, and without that stability, good luck getting married, having kids, or seeing those kids be able to go to school and have regular lives.  Sure, sounds extreme and draconian, but if the system was not setup this way, you'd see the cities even more overloaded.  Any halfway decent school would be overcrowded ruining any benefits it might have once had.  Shit be cray cray in China, don't imagine even for a moment that letting people do whatever would result in anything good.

 

Anywho, FoxConn, back on topic, it ain't all that bad.  The workers work long hours because they WANT to work long hours, get their overtime, get promoted and build their pile of money.

Wed, 07/16/2014 - 04:50 | 4961901 random999
random999's picture

Eh...  have you really been to any chinese factories?

So far, all factories I´ve seen in china are pretty lousy. Working in a factory is quite misserable to start with, no matter how it looks like. But so far almost all chinese factories I´ve seen surpass the point of "whats the point of life?" from my perspective.

 

10h in a productionline doing the same thing over and over and over again for a 300 dollar a month. Many dont have airconditioners, cheap out on the light, very few breaks, crappy food and worst of all they are always located somewhere really cheap where there is nothing to do around except for working sleeping and eating the shitty food that is served. But yeah, you make a shiny 300 dollars per month! While governmetns are printing trillions.. halleluja!

Wed, 07/16/2014 - 10:19 | 4962486 laomei
laomei's picture

Fuck me, I did the math once and it turns out pretty ok.  There's the base wage, but no one actually earns that because everyone strives for overtime, holiday hours and performance bonuses.  On average the actual wage is around 4500?5000 RMB a month.  Keep in mind that this includes social insurance (health insurance), food and housing.  Sure, you're busting your ass in a factory, but $800 a month out the door no strings attached isn't a horrible tradeoff when your alternatives pay far far far less.

4500*14 (standard year-end bonus is 2 months), 63,000 RMB.  Year-end performance bonus however... can be anything from 4 to 14 months.  Say you don't totally bust your hump, you put in minimal effort for a bonus.  81,000RMB a year, no strings attached.  In most low tier places, after 3 years of that, it's more than enough to build or buy a home, or even start a business.  Let's all shed a tear now for the poor foxconn workers pulling in $13,000 a year with zero living expenses.  If you broke that down into a full time job @40 hours a week, that's $6.25 an hour post-tax.  Any guess as to who comes out ahead? McD's worker or Foxconn worker... gonna guess it's Foxconn.

Wed, 07/16/2014 - 09:28 | 4962277 PT
PT's picture

Yes mummy, everything is fine.  My three year old brother chose to give me his ice cream.  And besides, there is no better way!!!

Tue, 07/15/2014 - 23:09 | 4961523 Rootin' for Putin
Tue, 07/15/2014 - 23:45 | 4961605 world_debt_slave
world_debt_slave's picture

cool!

 

Wed, 07/16/2014 - 02:04 | 4961796 syntaxterror
syntaxterror's picture

FoxCon, is that the same as FoxNews?

Wed, 07/16/2014 - 02:06 | 4961802 ebworthen
ebworthen's picture

And I guarantee generations of families were kicked off of their ancestral farmlands to build silicone toys for the West.

China will need to conquer us just for the land to grow food for their hungry masses.

Do neutron bombs destroy farmland?

They'll keep our blondes.

Wed, 07/16/2014 - 04:51 | 4961900 DirkDiggler11
DirkDiggler11's picture

Thanks for the link Dog.

Wed, 07/16/2014 - 08:34 | 4962133 PT
PT's picture

Around 1:35 onwards:

"Moving up the value chain.  Moving away from labour intensive, low profit margin manufacturing ..."

HAHAHAHAHAHAHAHAHAHAHAHA...

Oh, those expensive Chinese workers, squeezing the profit margins ... Oops, I got carried away there.  Competition squeezes profit margins.  Maybe they'll have to move the manufacturing to a cheaper country to reduce costs - oops, same mistake - maybe they'll have to stop manufacturing so the remaining manufacturers will have less competition and then their profit margins won't be so squashed.

Actually, I have to agree with them.  I'm trying to find an alternative to "manufacturing" so that my "profit margins" won't be squeezed too.  Still, it's a great laugh to hear them say it.  Well worth watching just for that little piece.  A good comedian could get a year's worth of material out of that.

Once again, not complaining.  I don't blame them.  It's just fun to hear them say it.

Thanks dognamedabu!

Wed, 07/16/2014 - 08:37 | 4962137 PT
PT's picture

Now I've finished watching the whole video.  Worth the watch.  Thanks again doggy.

Wed, 07/16/2014 - 09:15 | 4962232 Wild Theories
Wild Theories's picture

That was funny, but there's actually a ring of truth to it.

By absolute terms, they make more money than other Chinese factories.

In percentage terms, based on the actual products they produce, your iphones, they do only get a pittance percentage of the profits.

 

Can't blame them for wanting to move up the value chain.

Wed, 07/16/2014 - 09:37 | 4962319 PT
PT's picture

If the Chinese manufacturer of the iPhone has to worry about narrow profit margins, what hope for the rest of us?  May as well give up now!  I'm off to smoke my exhaust pipe.

 

For some strange reason that last sentence sounds rude but it is not supposed to be.

 

 

 

Wed, 07/16/2014 - 08:52 | 4962174 Last of the Mid...
Last of the Middle Class's picture

Smog kinda obscures the view don't cha think.

Wed, 07/16/2014 - 09:37 | 4962320 Smiley
Smiley's picture

Recycled waste water:  Pass on the complimentary coffee...

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