New Page Turning with Pain

On a chilling morning in Dongguan, Guangdong Province, a middle-aged man turned a rusted contract gate closed. Dad, will we come back again? his short(p) girl asked. No, we wont. the man answered sadly. He was the boss of this smallish shoe factory. Having weathered many ups and downs, he had no appearance to continue operating but to close it down. Lets wish him good luck. But this is just ace of the 10,000 businesses that atomic fig 18 on the brink of collapse, in Guangdong Province solely. Ever since the spick-and-span Labor Contract jurisprudence came into effect on January 1, 2008, the be of companies in various industries are all soaring up, especially manufacturing industry. Intensified by other factors such as high(prenominal) minimum salary, enhanced state requirements for environmental protection, rise in raw material prices, and appreciation of Yuan, cost of middle to low plants is expected to rise up by 40% to 50%, a staggering figure which a great number of companies find too heavy a burden to shoulder. They are mostly labor-intensive, producing low respect-added products, struggling in a fiercely competitive market in which price rising isnt an option. Once the workers salary swells, they are left over(p) with a really slim profit, or nothing. This seems to me one very direct reason that leads to the consequences mentioned above.

However, if the impact is so seemingly devastating to our economy, why introduce the New Labor Contract Law in the first place, whats wrong with the old one? In case you didnt notice, there is a big scheme behindâ€"bring our country to a higher level. And this, in my opinion, is the reason in a deeper sense. Financially, it is time that we flip the sweatshop image, replace made in China with designed in China. Remember, the companies being severely affected are not top-500 multinationals, but rather those old-fashioned and low-efficient. They occupied about 25% of the whole provinces workforce, but only created 8.5% value in return. On one hand if they... If you want to captivate a full essay, order it on our website: Orderessay

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