In India Bangladesh and Cambodia for example basic wages as a percentage of

In india bangladesh and cambodia for example basic

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26%, 19% and 21% respectively. In Cambodia’s garment industry conditions are so harsh that workers regularly faint at work as a consequence of the intensity of the labour required of them. Overtime is a necessity as regular wages are insufficient to meet their daily needs. While the government limits overtime to 2 hours per day, this is not legally enforced and the economic pressures upon workers to exceed these hours are intense. Most workers in the large Cambodian textile factories work between 3 and 5 hours overtime a day. The ‘choice’ facing workers in many of these burgeoning industries is to engage in very high volumes of health-damaging work in order to earn a subsistence, or live in very deeppoverty. Lead firm’s capture the lion’s share of value generated within global poverty chains because workers in these chains are ruthlessly exploited. Wealth concentration and mass poverty are two sides ofthe same coin of global capitalist development. A more equitable share of the value generated throughout these chains could contribute significantly to the genuine amelioration of these workers conditions and a reduction in the number of the world’s working poor. But it would also threaten, and potentially undermine lead firm power and reduce profits. This is the trade-off that global policymakers and business must address if we are to rethink the global labour market and new ways of sharing prosperity more equitably are to be found. •Capitalism is in decline now and is reaching the brinkZizek 7/22(Slavoj Zizek, 7-22-2016, "Q&A: Democratic Capitalism ‘In Crisis,’ Says Philosopher Slavoj Zizek ," RadioFreeEurope/RadioLiberty, -democratic-capitalism-in-crisis/27863243.html) //GekkerSlovenian philosopher and cultural theorist Slavoj Zizek has long been considered one of the most influential leftist intellectuals alive today. Foreign Policy magazine ranked him among the top 100 global thinkers in 2012. His fiery rhetoric and forthright Hegelian Marxism have also attracted controversy, prompting some to call him “the most dangerous philosopher in the West.” He recently published a bookon the migrant crisis and Europe’s current existential dilemmas, titled Against The Double Blackmail: Refugees, Terror, And Other Troubles With The Neighbors. In an interview in his native Ljubljana last month with Red Zone, a program produced jointly by RFE/RL’s Georgian Service and Georgian public television, Zizek outlined his views about the current ideological state of left-leaning parties in the West, the connection between democracy and the market economy, and the refugee crisis that saw more than 1 million people arrive in Europe last year. Here are selected excerpts from the interview: On the perceived failure of the Western political left to offer an alternative solution to economic and political crisesSlavoj Zizek: This is the great failure of the left today, even when capitalism obviously is more and
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