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Chinese Labor in a Korean FactoryClass, Ethnicity, and Productivity on the Shop Floor in Globalizing China$
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Jaesok Kim

Print publication date: 2013

Print ISBN-13: 9780804784542

Published to Stanford Scholarship Online: September 2013

DOI: 10.11126/stanford/9780804784542.001.0001

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Globalizing Capital and the Bleak Future of Chinese Workers

Globalizing Capital and the Bleak Future of Chinese Workers

Chapter:
(p.223) EIGHT Globalizing Capital and the Bleak Future of Chinese Workers
Source:
Chinese Labor in a Korean Factory
Author(s):

Jaesok Kim

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804784542.003.0008

Chapter Eight concludes the book by speculating on the future of Nawon and the groups of people involved in its operations. Since 2005, the Chinese government has amended its regulations on minimum wages to decrease the growing income gap between the rich and the poor. The government also tightened its supervision of multinational corporations, focusing on their working conditions. Recent developments at Nawon and Nawon Korea, its headquarters in South Korea, give us an insight into how an MNC decides whether to relocate under rapidly changing market situations. The management’s reaction to the policy changes and the wage hikes reveal the dynamics of global capitalism that lead investors to constantly move around the world, searching for favorable conditions for profit maximization. This chapter also highlights the increasingly troubled workers’ situation at Nawon, which was created by the factory’s deteriorating financial condition and a gloomy rumor about an impending factory closedown.

Keywords:   corruption, global capitalism, labor policy, migrant workers, minimum wage, multinational corporations (MNCs), outsourcing, relocation, subcontract order, Vietnam

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