Extraordinary Genius
Chapter 1961: High Labor Costs in the U.S.
Just after the contract was signed, the president of Huaxia Iron and Steel Industry Association Zhu received a report from the secretary. A fax was sent from the US stating that a punitive tariff of 15 per cent was to be levied on Huaxia's steel.
Chairman Zhu knocked on the door of the meeting room with the fax file: “President Feng, if you don't expect, this hand is definitely coming from the US side. ”
“Is this document from the US International Trade Commission again? In the steel industry as a whole, all steel products are subject to these punitive tariffs, and they dare to speak up. ”
Huaxia iron and steel are much cheaper than rice, but there are a few of them. In fact, the price is about the same as rice, but the production on the US side is low and the demand is just huge.
In Feng Yu's view, the US is poor and crazy, grabbing an opportunity to bite the meat. Or because the $50 billion in government bonds promised by Huaxia were delayed in purchasing, the US side had to do something about it.
Another important reason is that behind the scenes consortia in the tire, steel and other industries are also supporters of Obama Bull. Obal naturally gives them some rewards to help them make higher profits.
Many times, the US will be able to see some of the policies from the support consortium behind the president. With Microsoft behind Obama, for example, the US certainly wants to stimulate the development of the software industry.
Obal now has the support of steel tycoons behind his back, and Obal naturally protects the interests of these tycoons. Obviously not to say that, but to find a reason to be crowned, such as more steel workers, Washington is working for the benefit of workers in the US.
Why are many industries in the US clearly more mechanically efficient, but more expensive to produce than Huaxia? The root cause is that their cost of hiring is too high.
Are workers in the U.S. paid more than a dozen times higher than Huaxia? No, but their benefits are much higher than Huaxia's.
The most basic benefits are medical care and old-age pensions, not to mention high wages, which are naturally higher, and more subsidies for businesses.
The scariest part is the health insurance in the US, where everyone has bought at least a dozen of them, almost as far as you can imagine, on the US side. You can't imagine, and so can the US.
Like the Bo mining industry in the US, anything seems insurable. For example, a singer can buy insurance for his own voice. If one day my voice breaks and I can't sing, the insurance company will compensate me for my loss.
Even say that you have a two-ha at home, you think it might ruin your home at work, and this can also be insured at the insurance company.
Of course, every insurance policy is subject to a risk assessment, and insurers will accept your insurance as long as they consider the risk manageable.
Insurance is a derivative of finance, which is naturally also a money-making tool created by big corporations.
There are several high-paying jobs in the US, and when we watch Xiangjiang movies, we also find that these two professions are not only highly paid, but also very stable, with much less risk than engaging in the financial sector: doctors and lawyers.
Lawyers need not say that there has always been a saying on the US side that the law protects the rich and lawyers serve the rich.
In the US, if you don't have insurance, then I'm sorry, you don't look down on sickness. You have a cold, the doctor checks it out, and then tells you to go back and drink more water, just listen to your heart beat, take your temperature, look at the flat conductor, pay $200, not one pill.
If you are hypoglycemic, accidentally confused, or accidentally called an ambulance by a kind passers-by A, then you are miserable, no $1,000 can come down, an ambulance alone costs $7,800.
If you have a red dot on you, you accidentally encounter a doctor who can't read it, and you don't care about it, you can get a five-digit dollar bill so that a lot of people would rather stick that red dot with a knife.
Many people in Huaxia say that it is cheap to see a doctor in the US, and that is neglected. But it's all completely different if you have insurance.
Depending on the type of insurance, many of you don't need to pay a penny at all, even if it's average, you only need to pay up to 20 percent.
And what kind of insurance do those workers in the US want from businesses? Eighty percent is definitely not a good idea. Is 100 percent enough?
It's not enough, they're going to reimburse one hundred and twelve percent, because they're going to need nutritional, work delays, whatever.
Can you afford this kind of insurance? With this kind of insurance, if you have a slight headache, you have to stay in the hospital. Does the insurance company pay for it all anyway, or even make some money?
Enterprises are less efficient, spending is more expensive, how much can they afford?
So fundamentally, it's because the cost of living in the US is too high, especially the cost of health care, which is outrageous. You think so many Huaxians have a fever that they like to buy their own medicine and don't want to go to the hospital. This is all the more true in the US, where their family medicine boxes are particularly well sold, including some of the common cold medicine, anti-inflammatory drugs, stomach medicines, bandages, gauze, etc., and they end up selling hundreds of dollars, which even hundreds of RMBs are not necessarily sold in Huaxia.
Insurance alone is higher and some enterprises can afford it, but these workers need some other benefits. Steel mill workers, for example, must have high temperature subsidies, and also prevent all other possible bodily damage, they are collectively called health subsidies.
This subsidy is often even higher than wages.
In the view of the Americans, life is something to enjoy, work is just to make money, but when making money, it must not affect the quality of life.
Is it reasonable to say that you don't have any culture, no skills, want to make money, and don't want to suffer?
They prefer to think that if business owners can't meet their requirements, it's simple, go ~ work!
None of us do it, leave your factory alone, and the loss of a day is not a small amount. When Detroit workers went on strike ~ they lost hundreds of millions of dollars a day in the same car, Chrysler and Ford, and after three days, those companies were forced to compromise.
A strike ~ cannot be dismissed, otherwise you will be sued by the union, think that you have been unfair, deliberately targeted, need to be fined, need to pay high compensation.
It is also the existence of these trade unions that keeps the manufacturing industry in the US going downhill year by year, because these medical care, pension and other benefits alone make business owners suffer, not to mention that these people often ask for more treatment, businesses don't make any money, and they increase their asses.
Many businesses are bankrupt because of this, but the workers don't care, they think the state will fix it, otherwise they protest and make a big deal out of it.
It is precisely because of this that the volume of imports of many products in the US has increased every day, and it is not enough to import. Imports were high, however, and businesses in their own countries were disproportionately hit, and they did not want their own businesses to go bankrupt and came up with such a means of local protection.
Now is the time for both sides to play.
……