Current China
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GDP
Watch video on left and answer answer questions on handout. GDP Comparison
China has surpassed the US in terms of GDP based on purchasing power parity (PPP), becoming the largest in the world by this measure.
GDP per capita the total value of all goods and services produced within a country divided per person. this give a more accurate and realistic comparison between countries than just GDP. It also gives an indication of standard of living. Please analyze the charts and answer questions. |
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STOP & ANSWER QUESTIONS
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Working In Chinese FactoriesSince 2001, the USA lost 2.8 million manufacturing jobs to China -- that despite U.S. factory workers being far more productive. Partly, it can be explained by China's cheaper workers: The average hourly wage for Chinese manufacturing workers is less than a tenth that of their average U.S. counterparts, according to the Bureau of Labor Statistics. It being about twice as cheap to live in China, those lower Chinese wages go further. But Chinese factory workers also tend to work longer hours, making them more appealing to some employers.
U.S. factory workers do have one critical advantage over others: They're really productive. In fact, U.S. factory workers produce $73.45 per hour in output, one-third more than German factory workers and twice as much as workers in Taiwan, according to the BLS. |
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That's in part because U.S. workers still tend to build more expensive products than someone in Taiwan, such as airplanes instead of shoes, Brookings labor economist Gary Burtless said. Chinese and U.S. workers differ in another important respect as well. Factory workers in China are more than three times more likely to get killed at work than their American counterparts, and the government's health insurance programs do not cover basic care. STOP & ANSWER QUESTIONS OVER ARTICLE & VIDEO
Population
Resources (Information on website taken from websites below)
"APPLE EXPOSED: The TRUTH About ISlave's At FOXCONN Factory!!"YouTube. YouTube, n.d. Web. 12 Apr. 2015. <https://www.youtube.com/watch?v=z8GQNJ0WJb4>.
"China Surpasses US as World's Largest Economy Based on Key Measure." - RT Business. N.p., n.d. Web. 12 Apr. 2015. <http://rt.com/business/194264-china-surpass-us-gdp/>.
"China's Economy, in Six Charts." Harvard Business Review. N.p., 29 Nov. 2013. Web. 12 Apr. 2015. <https://hbr.org/2013/11/chinas-economy-in-six-charts/>.
"APPLE EXPOSED: The TRUTH About ISlave's At FOXCONN Factory!!"YouTube. YouTube, n.d. Web. 12 Apr. 2015. <https://www.youtube.com/watch?v=z8GQNJ0WJb4>.
"China Surpasses US as World's Largest Economy Based on Key Measure." - RT Business. N.p., n.d. Web. 12 Apr. 2015. <http://rt.com/business/194264-china-surpass-us-gdp/>.
"China's Economy, in Six Charts." Harvard Business Review. N.p., 29 Nov. 2013. Web. 12 Apr. 2015. <https://hbr.org/2013/11/chinas-economy-in-six-charts/>.
