Fear Factory: Jon Stewart on Foxconn

By Edward Harrison On Jan 17, 2012

This is grim. Bill Black has the legal/economic analysis; he thinks this is a criminogenic environment of control frauds.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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1 Comment

ChrisBern says 13 years ago

Funny to see Jon Stewart make fun of this. But in reality, these are the jobs that some Chinese view as preferable to what they were doing before, which in most cases was probably agrarian.

Though Jon failed to mention it, employees of Foxconn can quit at any time. But they usually don’t, because, (a) this is the best job that they can get and (b) there is another Chinaman who would gladly take their place.

It sucks to be unskilled in a world where globalization has increased the ranks of the “accessible” unskilled by a few billion in the past few decades. But it’s just the way it is. That goes for unskilled westerners too–the ones who are commonly currently in the ranks of the unemployed.

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