[lbo-talk] Re: Nike in Vietnam

Doug Henwood dhenwood at panix.com
Mon Dec 1 19:16:58 PST 2003


Michael Perelman wrote:


>Doug was correct in saying that wages paid by US companies tend to be
>higher than local wage rates. That has been true for decades, but I have
>been reading lately that things may be changing as the subcontractors are
>getting squeezed. For example, Chinese workers, I am reading, are now
>becoming very dissastisfied with the wages being offered.

What my source said was the factory beat the rice paddy. I imagine native Vietnamese industry, such as it is, pays terribly.

Doug



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