BusinessLabor

Foxconn Raises Wages – Will Apparel Follow?

Major electronics supplier Foxconn yesterday gave a 25% raise to its estimated 1.2 million employees. They will now make an average of $400 USD per month, before overtime. Foxconn also expressed a commitment to improving working conditions, following a wave of scandals regarding forced overtime,… Read More

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BusinessTrade

Korean FTA Takes Effect March 15th

KORUS FTA, a new free trade agreement between the United States and South Korea, will take effect March 15th. It will eliminate 95% of tariffs on consumer products over the next five years, including immediately eliminating trade protections on heavy textiles and footwear. This is… Read More

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