Foxconn finds itself in the position of paying 110,000 yuan (£11,000) in compensation to every person who jumps. For a depressed Foxconn employee, who still feels an obligation to repay his family for the cost of his or her upbringing and who would like to give his parents a lump sum that could transform their lives, this is a very tempting sum.Even in China, you get what you pay for and that's why incentives matter.
For a worker on the basic rate of 900 yuan a month, the compensation amounts to the equivalent of over ten years of gross salary. For a worker who is doing overtime and earning 1500 yuan a month, the compensation is still worth six years of salary.
If these enormous payments don’t stop, the suicides are unlikely to either.
Report Highlights IRS’s Struggles With Identity Theft
21 minutes ago