Foxconn gives raises again

Couple of weeks ago, every day brought news of another suicide at the massive Chinese manufacturing facility. Now every day brings news of another raise for workers there. Latest news, according to Gizmodo, is that workers are getting a whopping 66% raise. But not so fast! It’s performance based and workers must pass a three month review to receive the big raise. So it’s unclear if this is just PR or an actual possibility. The 30% raise seems to be in effect across the board. Given the penny pinching of Chinese factories, one really has to wonder what this does to the manufacturing industry in China and the consumer electronics market here.