international Business

Thursday, October 20, 2016

labor law differences between US and China


Wages and Hours

UNITED STATES

 It restricts employers to hire employees 16 and under. These employees between the age of 16 and 18 are not allowed to work during school hours unless studies are finished or it is a summer job. It is not allowed for citizens between to work more than 40 hours a week without being paid overtime. In the us the average minimum wage $7.25 at the moment. This number varies between states some have higher and some lower but it is believed that these numbers will raise over the next few years.

CHINA 

In Chinese businesses it is declared by law that an employee can not work for more than 8 hours a day and more than 44 hours a week. If employees wish or employers ask the employees to work more than 8 hours a day it is allowed for a worker to work overtime as long as they are getting rewarded for this. In China the minimum wage is at an all time low of 11 yuan per hour. This translates to 1.63 dollars. The difference in wages and hours is illogical and it is not right for the Chinese government to allow this.


WORKERS HAPPINESS AND PRODUCTIVITY

a 700 person experiment was conducted in Britain by the Social Market Foundation and the University of Warwick’s Centre for Competitive Advantage in the Global Economy.  This experiment observed workers before and after being given snacks and told jokes. The experiment showed that productivity rose by 12 percent after the experiment and the investigators concluded that the key to productivity in fact is largely influenced by happiness in the work place. 
Company that operates globally and humanely
State Farm - State farm is an American group of insurance and financial services company that operates globally . State farm is know to have one of the biggest percents of employee happiness at a 94 percent employee happiness. State Farm was also awarded with many humanitarian prices such as the  2015 Fit-Friendly Work site award and the 2014 Best Companies for Multicultural Women.

sources:

https://www.usa.gov/labor-laws
https://www.dol.gov/general/aboutdol/majorlaws
http://www.chinalawblog.com/2015/05/china-employment-law-a-memo-on-the-practicalities.html
https://www.youtube.com/watch?v=yF8jUDzz5bE&feature=youtu.be&list=PL5esPSt17vvhUA0A9UnwG2Qsc6wRb2UkG
http://fortune.com/2015/10/29/happy-productivity-work/
http://www.forbes.com/sites/jacquelynsmith/2013/08/22/the-10-companies-with-the-biggest-jumps-in-employee-happiness/#58cbe5b740f7


Wednesday, October 19, 2016

current event

North korea nuclear threat to U.S

Could North Korea actually put a nuclear warhead atop a rocket and fire it at a potential adversary? Very Few believe that North Korea would  actually get involved in a war with the United States as president Obama said “What we’ve said consistently,  that if North Korea shows seriousness in denuclearizing the Korean peninsula, then we’ll be prepared to enter into some serious conversations with them about reducing tensions and our approach to protecting our allies in the region. Obama declared that there is a very slim chance that these threats are serious and that the american citizens should not worry



Sources
http://www.cnn.com/2016/08/22/politics/north-korea-south-korea-us-military-exercise/