Re:iPhone maker Wistron quits, saying Apple didn't let it ma...
by mantas on Tuesday May 23, 2023 @03:09AM
(#36040917)
Coming from, let's say, 2nd-world-country that receives it's fair share of outsourcing...
There's absolutely a big push to keep employment laws as well as other laws „flexible“. And keep salaries as low as realistically possible. Otherwise MUH INVESTORS will go somewhere else. To be fair, it's not (just) foreign investors. Local elite is making $$$ providing support to incoming companies. Real estate moguls, construction companies, subcontractors etc.
Ultimately it is a race to the bottom to appease the sacred investor and let local elite enrich themselves.
There's absolutely a big push to keep employment laws as well as other laws „flexible“. And keep salaries as low as realistically possible. Otherwise MUH INVESTORS will go somewhere else. To be fair, it's not (just) foreign investors. Local elite is making $$$ providing support to incoming companies. Real estate moguls, construction companies, subcontractors etc.
Ultimately it is a race to the bottom to appease the sacred investor and let local elite enrich themselves.