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Commentary :: Globalization : Labor
Chinese exploitation and multi-national corporate profits
29 Feb 2012
Multi-national corporations encourage China's low wages
The extent to which multi-national corporations are profiting from super-low Chinese wages is often obscured in the rush to point nationalist fingers at China's economic policies. In the corporate media the subject generally remains a taboo.

One way of shining some light on that profiteering is this: During the mid-2000s, Wal-Mart was China's fifth-largest export market. In other words, there were only four countries that imported more goods than Wal-Mart, the world's biggest retailer, did by itself.

By now, Wal-Mart has slipped a bit down the charts because the volume of Chinese exports continues to grow; but the company would remain among the top ten destinations were it a country by itself. Wal-Mart is hardly unique among multi-national corporations, but, true to its general business practices, is perhaps the most ruthless in not simply exploiting Chinese workers but in accelerating the trend of moving manufacturing to the location with the lowest wages.

Other major United States retailers began procuring clothing items from Asian subcontractors before Wal-Mart, but the relentless drive to have the lowest costs forced an acceleration in the shift of production to countries with the most exploitable populations.

To read the rest of the article, please link to http://systemicdisorder.wordpress.com
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http://systemicdisorder.wordpress.com
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