Because Chinese labor is now only 4% cheaper than U.S. labor, there’s been an influx of Chinese investment in the U.S. - from just over $2 billion in 2011 to nearly $55 billion last year. WATCH NEXT: This exiled Chinese billionaire uses RU-vid to wage a war on corruption - bit.ly/2klZzAe
VICE News Love this guy ! A LOT of American Business owners can learn A LOT from him ! , instead of turning it's back on employees over 10 to 20 years .
That's right. But if you are producing that means adding value to something. That means you need infrastructure and skills. For many products that's difficult in most of the rural areas.
Yes, she was brilliant in how she gave $10 million dollars in incentives to a foreign enterprise from a authoritarian country. www.wyso.org/post/fuyao-state-tax-incentive-valued-nearly-10-million Just amazing, right?
exactly. hell some even prefer being jobless than working for a foreign owned company and then blame the government for being jobless. their ego will be their downfall.
Paul Rakcevic stop making dumb comments. thats what regulation is for in OUR country. its called capitalism. by the sound of it youre in favour of it and you dont even know it thats why you sound really young or dumb
@@lendzemojoachimkimeng1318 From a child who can’t eat enough to a billionaire, he must have experienced the troubles and pains of 10,000 people before he can do it.
You need to understand the role of the dollar as the world reserve currency. The USA is leveraged beyond belief and your Chinese overlords are here to capitalize on the fact that Americans are plagued by debt
@@meadydoheny bro can't dig your own grave then blame the chinese. it has always been the american way of living life in debt like how every purchase is on credits. the chinese always think of the future and save for rainy days. they don't flex today and be broke next. should be thankful these chinese companies even open factories in the us to provide jobs for thousands of americans...
meadydoheny when American companies outsource jobs to China, you blame China. When Chinese companies outsource jobs to America, you blame China. It’s always China’s fault isn’t it?
@@sarcasm2960 That's a critical issue in present days' China, balance between work and leisure. Cutting working hours means lower efficiency and higher costs, without that efficiency factories will move to other cheaper countries.
Jab Left Hook I am Chinese and I like to share the culture differently and some similarities. It’s interesting to seeBoss came to the plant and asked to changes the direction of the door and the position of a emergency bell, We feel the American Boss the same way here in China, same arbitration. The difference here is Chinese workers won’t want to bargain for better working condition or better wage, if they feel fair, they would like to stand with Boss and work hard to make the company more competitive, so they say they are in same boat with boss. if they feel unfair or they don’t like the boss, they will find another ‘boat’ rather than barging.
As long as my people are getting a slice of the pie I am cool with it. I commend the Chinese a little bit, they understand nationalism. Wish more of our American people understood the concept of loyalty.
watch the documentary "the american factory" is covers this factory and CEO, its very interesting to see both sides the American workers and the chinese people who came over to help run the factory and the issues they faced adjusting to American culture
Found 49 people who have never worked or lost a job. lol Sorry folks. When you make a decent wage and you return from being out of work, it feels good trust me.
Ahmad Sheikh-Ali that’s the problem, when employers think that just giving someone a job is some sort of community service, when in reality they are marking money off their work. The employer needs to be more grateful they have employees to exploit for money, without them they would have nothing. Employers need to be grateful and accountable
@@zacka161 If all employees are being exploited, then why do most of the applicants don't get hired? Why do some of them get fired? Why would a company turn a person away or fire an employee if all employee-employer contracts were in favor of employer.
@@zacka161 lolz and without this investors workers are nothing why do you need a pencil if you dont have paper to write it on same goes with paper a.k.a investor leaders need people to lead and people need leaders to lead them be grateful that people are investing and giving you jobs and helping you put food on your table they can find labor every where while people cant find investors everywhere
China is an awesome place and has made trillions in revenue, but most of its from scams and deceiving. Thats not an insult either, thats their culture and in china "ripping someone off" is not a thing which has lead to its great recent success.
I was told if a chinese businessman can make 10,000$ off you today or 100,000$ off you in a week, theyd choose the 10,000$ almost 9/10 times. Just a cultural difference. Would love to visit one day
This billionaire is incredibly naive. America and the West, will ALWAYS make East Asians regret their decisions in dealing with non-Asians - ALWAYS. The history books NEVER lie.
@@pablo3735 Considering VICE only has access to the better parts of the factory, you're not seeing the behind-the-scenes of what it is really like to work there. Not that I know either, I watched the same piece as you, but safety is a huge issue in the workforce and especially at these jobs. There could be toxic fumes they're breathing in or possibly faulty robotics that can rip your arms off. But I'm sure you're a hard working factory worker who understands this.
@@brodi81 I left a factory yesterday that DEFINATLY had toxic fumes in the air...there's rules and regulations that are regularly checked by OSHA, so no factory can get by if they are unsafe. The factory I just mentioned had to test the fumes in the air, and had those fumes been toxic enough to cause damage to the lungs, air breathers, or whatever you call them, would've been required as i've seen as other factories... Theres no way around these laws, just as theres no way around the standard safety features and build quality to prevent accidents in cars in trucks....regulations are a pain in the ass, but they do help....
This is great to see i grew up in the Dayton (Moraine is a suburb) area and i remember when GM left it was like someone pulled the rug out from under the city . Im glad someone decided to invest in that factory and the ppl again.
"I'm personally grateful for him, he brought the job back here." These workers are feeling grateful because of this guy, i don't understand why some people in the comments below are being so sarcastic about this. Yes he's doing it in order to reap profits and send the funds back to China but he created jobs!!! Y'all should be grateful.
"Oh yes...be ever so humble and grateful to have ANY job that a capitalist decides to open up...yes..yes let us grovel on our knees for a company to exploit us." That town should have had that plant become CO OP....it should have been a employee owned..employee run enterprise that ensured "locked in" employment and democracy exercised in the workplace...not another capitalist that can close up shop any time he gets "spooked" by the turmoils of economic conditions..or what should happen if in 3 years that owner decides.."oh American safety standards too much a hassle to deal with compared to other nations", so then he closes it down..or if he feels the heat from a$$holes in D.C. that don't like "foreign intervention" on U.S. industry? Its potential of being unstable is too high. This nation needs to empower its workforce by strong COOP companies..not serfs in more of the same corporate structure. That Chinese business man has no ties to the prosperity of the U.S....he could pull out of the situation anytime he wants and leave the workers HIGH AND DRY at any point.
Thought the younger generation was into entitlement but after seeing the netflix special good lord we are in trouble. I would never open a business in the US, the things we ask of employers are ridiculous. No accountability just give me more, what business can survive? Other than high tech where employees generate a high rate of return.
@@bchandle Good lord so you would rather be like those Chinese workers that work 7/7 for like 13 hours with no benefits at all and no vacation? Incredible how some people consider actual good working conditions to be ''entitlement''
@@tigerjonn the CCP’s fine with companies abusing their workers, especially since you can get away with a lot of things if you have the right connections to the party. There’s a reason China’s known for worker suicides and sweat shops
The documentary on this guy is pretty horrifying. He treats his Chinese workers like slaves and then come to the U.S. and tries to do the same. Thank god Americans actually have rights and know how to exercise them.
magma2680 ?WTF? Dude give me a break, I’m aware that China is pretty fucked up in eyes of westerners, but come on dude, build buildings with dead bodies, whoever said this is insane stupid.
Japanese did it because of protectionist trade policies of America. That's why BMW SUVs are made in America, it's not because American workers are more efficient, it's because of taxation. That's the only reason people would manufacture in America.
See how many Americans are working there now, a sad story. I have never heard of a billionaire build a plant to help the local community in my lifetime yet.
that's how you say thank you. i will say thank you back to the person who say thank you to me. it's hard for people to appreciate others now days, and because of that, thank you for saying thank you.
I'm going to comment on the 24 violations thing. Granted, I only have 4 years of manufacturing experience, and never worked in management, I can share some truth on what's it's like from the perspective of a 'grunt'. The truth is, no matter how many safety policies you put in place, it is always up to the individual employee to stick to those safety policies. All of the injuries and risks I've seen on the job, have been due to the employee's own laziness/carelessness/aloofness. People not locking/tagging out machines correctly. People not cleaning up the floors. People trying to cut corners. There are a lot of safety regulations in the US, and that is good, we should continue instituting more policies as needed, but the individual employee will always have the last word as to whether his actions will result in a terrible outcome. Just my two cents.
I live in Ohio and the GM plant closing was a big deal because of the loss of jobs that it brought. People were also hit with the Ford plants closing to in Ohio years ago. Giving people jobs is a great thing. Some of these people complaining about China reeping the benefits is absurb considering most things in your house probably come from China
SomethingSomething Dark Side 94 cutting to half compare to what? GM? Remember That’s what caused GM shut down themselves and move to China, when someone offers you while you drying out on the desert take it or refuse it , you don’t took it then resent they dont offer more, these are not the old American days sitting on the cloud dreaming anymore, capitalism always a greedy beast in fact, when the auto machine ruled, they gonna missed the 14/hr days, be realistic, dude.
@@Jacob-ir6zi You are aware that person isn't English native speaker, and that's what loser do, when there's no argument left, attack their English, haha
@@Jacob-ir6zi US are also doing the same thing by complainong that increasing the minimum wage will be harmful to America. Capitalists are capitalists doesn't matter where they come from.
Unions are corrupt also...unions look for aways to profit for the best interests. Even if that best interests is not ultimately not for it's union members. So never assume that all unions are for the people.
Mystery Science Gaming 3000: what pie are you talking about? I didn’t hear anything about wanting anything but more commitment to safety. Safety is something that always needs to be improved and maintained
A Chinese person opening a factory in the USA is like an American owning the most luxurious watch company in Switzerland - it’s an incredible sign of success in each country.
she was desperate to get a company there. like she said, no jobs, no payroll taxes. no income taxes. the city was running dry. it looked like a ghost town.
it’s “ now made in America “..LOL. i like how he said it with all honesty about when his fellow Chinese businessmen asked him for advise about planning to do business in the US - if it’s good for business then do, if not then don’t take the risk.. and he boldly said he’s Chinese and he love his country even if he is doing business in America. It’s like him saying don’t politicise my business.
He doesn t want Union and expects everyone to work as in China 12hours/day with only 1-2 days off a month,with much lower salary.No country can beat this system
The funny thing is that unions were starting to bring the average worker to a better place socioeconomic wise. But then minimum wage came and froze everything. Then the government started making the unions weaker over the decades. No you see the government controlled unions. And just like they knew. Now the unions are corrupt.
China's tax on companies are way too heavy...many companies are still in China because the market is huge, even though tax is high....when a Chinese company sees an opportunity to go overseas that can generate profits, they will go anywhere. This is a good example, The Company is here to make a profit.
Don't forget all the bribes you gotta pay in China. There's virtually zero bribes here in the US. In fact the communities bribe you to come with tax incentives and infrastructure improvements.
MY SALUTES to this genius. Mr Cao Dewang basically fulfilled the dreams of every governor. To provide a growth / progress / jobs to a state. its basically 2,000 people having a job and having a salary for their family.
It's awesome that a Chinese scab will lose his arm in a glass cutting machine because Americans demand safety measures before they'll use it? Oooookayyyyy....
H W it would be nice to know how many accidents are actually happening there right? America was built by brave men not some cowardly and overweight estrogen tanks !
haha ezpz dont be so anti-foreign investments... many countries open their doors to american investments and made a good living... it’s a global world and investments that bring in jobs ought to be celebrated..
Welcome to how it is in Australia. Our government sold our infrastructure to China. Such as our ports. They also own much of the real estate and businesses. Walking around Melbourne CBD the majority of people are Chinese.
At 5:58... The guy is so proud to work for this company and the owner looking like "Yeah whatever! Please shut up & get back to work. I got bigger fish to fry" lmao
haha, ya its because the boss doesnt understand english at all , waiting for translation afterward, thats why his facial emotion doesnt match with the employee words
chinese are always humble. i live in china and you can't believe how humble chinese people are, no matter how much money they have. Respect to chinese people from a somali student living in china.
I don't understand the whining of these people, they're complaining that they have jobs. There are people in other parts of America that would benefit from these jobs to put food on their tables and they have the nerve to complain that they don't like their jobs.
Workers have the rights to complain, and the people whoever in charge are also have the right to negotiate and then decide to reject their request or make the change, It’s normal. I mean hey we all want getting payed better or buy a nicer house.
Not to mention the tariffs. I say thank you for all the BILLIONAIRES who took their chance to bring their factory here in America. It’s a great location for factory. Hopefully more factory will open up in Ohio to bring more jobs to Americans.
One tiny detail that has been not mentioned is: For Fuyao the reopening was cheap, average salary in the USA is 12 USD/h, so many workers must be below what they earned in the past with GM 12 yr ago, lets assume aprox. 18 USD/h (which is a 33% salary reduction compare to now. With an avg. inflation increas of 1,46% per year; the 18 at past time would be now 20 USD/h to compensate inflation rate) So the company is paying in avg. 12-20=-8 USD/h of what they used to, by 1000 employees and 160 h/month of work, Fuyao saves $ 1,28M every month or $12,8M/yr only in salaries !!! So 1000 people that need to leave below the first world standard of life. If we talk about tax income to the city, lets assume 50% of the 12,5 % tax goes to the state. On the $ 12,8M a not neglectable ammount of $ 800k/yr is getting lost and an othe $ 800k/yr to the goverment. The worst part of it, the company might be selling their product saying proudly made in USA and claiming to pay USA salaries. Although this might not be happening in many cases. Side note: Fuyao may benefit from local tax advantages. Which then also means one city that needs to manage a population of thousand people in a high cost country with a second world country budget. The tendency is to destroy the community.
@@lotto5742 I'm sure some people would like to work a couple 12 hour days with overtime, I doubt many would like a permanent shift of 12 hours for a regular rate. Either way its irrelevant, I'm talking about 10 year olds working 12 hour shifts. Unless your a kid who wants 12 hour shifts that is.
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Just watched half of this video on Netflix. Our culture.(🇺🇸) wants to put in eight hours and come home to our families, take the kids to soccer or baseball practice have supper and get ready for the next day. VS A culture that ingrains from a young age, work until you drop. There were a few Chinese workers that said they go home once or twice a year. Now add a low paying wage to the mix!! I’m not seeing how this would work !
This is why I often a sort of envy of you Americans of that thing you guys call human rights. As a member of young generation from mainland CN and we've always been told to work hard and endure as many hardships (hardships not matter if they are worthy or not) as possible for gaining a better life. This could be a way to gain better life at the old times when we didn't have such a large population, but not now. They always tell us to contribute, to work hard, harder, hardest, but never talk about the repays we're supposed to get. I saw something of great values on American people when I saw this documentary on Netflix.
"Chinese Labor is [...] 4% cheaper than it is in the US." That's absurd. Got a link for that study? The average US factory worker for example earns at least 3 times as much as a Chinese worker (of Chinese ethnicity)...
Not labor is 4% cheaper . The gas,tax and land are cheaper. But why gas and land so cheap in US, you guys just robbed rest of the world with your guns and planes. 😅
This place just got raided by Homeland Security for Financial crime, Money laundering, labor exploitation, and potential human smuggling violations. Along with a bunch of homes in the areas near there.
i live in moraine this factory has given many people jobs but they are only using like 1/5 th of the old gm factory i wish my mayor would /could lobby tesla to set up shop i-75 and i-70 cross like 10 min from my house they could start making tesla's and have them on their way to where ever they need them
thewiz412 the new models are and they re having a hard time of staying on schedule and getting them finished. Part of the reason is they are using to much technology in building high tech cars. He’s having a hard time catching up. He plans on being the biggest automotive maker in world to.
Netflix "American Factory" did a way better job on this. Vice here sold out, and is mainly showing you one sided information. Even Vice can't escape all corporate influence.
@Frank Garrett --- so effing true. They read that shit, as if it was Ted Kaczynski manifesto or something. It's a damn fairytale, not based on facts, or a real economic system. Any Rand might have had some good points, but she was an isolationists, she would've gotten along find with Trump
I agree 100% i got offered a union job in Safeway in 2007 working in the meat department for 7.50 per hour. I asked why and she told me this is a union store that is what the union contract states. The same month i interviewed at Sprouts they offered me 13.50 per hour no union.
matt antunovic that seems to be the thing nowadays Americans businesses are created than purposely failed for insurance payouts to the owners, biggest ignored scam in the country brought to you by scamming ass old people!
Youre probably right there. But we are talking about a 100% pay increase, if you are making 13/hr you are certainly living paycheck to paycheck and not that concerned with retirement.
Alex C either way its ALL retirement desperatism gone waaay out of hand, even though you may not be retirement desperate problem though, the worst is the most high and corrupt like this jaba the hut!