Foxconn, the major supplier to Apple, is going to double the workers’ wages again.
Taiwanese electronics manufacturing giant Foxconn will double the minimum monthly salary of its workers in mainland China by the end of next year, reports our Chinese-language sister paper Want Daily.
Earlier this month in Shanghai, Foxconn chairman and president Terry Gou announced that the company’s salaries in China will exceed the minimum wage in Taiwan by the end of the year. Media commentators said this means that salaries will have to be increased from the current levels of 2,200 yuan (US$350) to 4,000 yuan (US$630), a rise of 82%.
Sources now claim that Gou declared at a function on May 16 that simply catching up to Taiwanese wages is not enough, and that monthly salaries for workers in China should be doubled to 4,400 yuan (US$690) by the end of 2013. If the claim proves to be true, this would be Foxconn’s fourth announced salary hike in China in the last two years. It would also represent a near five-fold salary increase for the company’s 1 million workers on the mainland since 2010.
Which is what we’re seeing in China, an industrial revolution: thus the wages of the workers are rising.
2013:Working by Foxconn China, with average age of 20, with little education, makes about 400 to 700 USD per month, that’s not that bad at this moment, considering the purchasing power in China is much higher than that in USA per dollar.