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Riff Raff
Joined: 09 Jun 2014 Posts: 85
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Posted: Mon Aug 18, 2014 6:46 am Post subject: |
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| Bud Powell wrote: |
All econobabble aside, if we were dealing with a western business model based upon supply-and-demand, if the supply of FTs were to drop and demand remained constant, pay would increase in order to increase the number of qualified FT wanting to work in China.
My guess is that when it becomes clear that merely raising the standards set for FTs won't equate more, quality FTs, Chinese bureaucrats won't think to raise the salaries. Instead, what will probably happen is that the schools will figure a way to flout the law to a greater degree than the past. If money is to be made in the process (e.g., selling Z visas in HK) the problem of incompetent FTs may worsen.
My cousin's kid just graduated college and is working in Dubai and pulling down $40,000.00 for a one-year contract. Do you think China will pay that kind of money for qualified western teachers?
No. In addition to paying primarily subsistence wages, China makes it difficult for FTs to even send money out of the country. Go figure. |
THIS! |
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Buckeye Bob
Joined: 11 Aug 2014 Posts: 71
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Posted: Mon Aug 18, 2014 10:04 am Post subject: |
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| Riff Raff wrote: |
| Bud Powell wrote: |
All econobabble aside, if we were dealing with a western business model based upon supply-and-demand, if the supply of FTs were to drop and demand remained constant, pay would increase in order to increase the number of qualified FT wanting to work in China.
My guess is that when it becomes clear that merely raising the standards set for FTs won't equate more, quality FTs, Chinese bureaucrats won't think to raise the salaries. Instead, what will probably happen is that the schools will figure a way to flout the law to a greater degree than the past. If money is to be made in the process (e.g., selling Z visas in HK) the problem of incompetent FTs may worsen.
My cousin's kid just graduated college and is working in Dubai and pulling down $40,000.00 for a one-year contract. Do you think China will pay that kind of money for qualified western teachers?
No. In addition to paying primarily subsistence wages, China makes it difficult for FTs to even send money out of the country. Go figure. |
THIS! |
Bud makes a good point. Everything a foreigner needs to do in China is transformed into a bureaucratic hassle. I could not even withdraw $10,000 cash from my own bank account to take my family on a summer vacation last year. Infuriated I demanded to see the bank manager who told me foreigners could only withdraw $500 in cash a day from their bank (China Merchants Bank). So I told him fine, I would close the account and withdraw almost $60,000 I had in my account. That he said would take 30 days for a foreigner but for a local Chinese, it could be done immediately.
Also, when foreigners buy tickets from Air China they pay a higher rate than locals. After I learned the hard way I let my Chinese wife handle everything now. This is just one way that China makes life annoying for foreigners. |
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Buckeye Bob
Joined: 11 Aug 2014 Posts: 71
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Posted: Mon Aug 18, 2014 10:20 am Post subject: |
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| Riff Raff wrote: |
| Bud Powell wrote: |
All econobabble aside, if we were dealing with a western business model based upon supply-and-demand, if the supply of FTs were to drop and demand remained constant, pay would increase in order to increase the number of qualified FT wanting to work in China.
My guess is that when it becomes clear that merely raising the standards set for FTs won't equate more, quality FTs, Chinese bureaucrats won't think to raise the salaries. Instead, what will probably happen is that the schools will figure a way to flout the law to a greater degree than the past. If money is to be made in the process (e.g., selling Z visas in HK) the problem of incompetent FTs may worsen.
My cousin's kid just graduated college and is working in Dubai and pulling down $40,000.00 for a one-year contract. Do you think China will pay that kind of money for qualified western teachers?
No. In addition to paying primarily subsistence wages, China makes it difficult for FTs to even send money out of the country. Go figure. |
THIS! |
Bud makes a good point. Everything a foreigner needs to do in China is transformed into a bureaucratic hassle. I could not even withdraw $10,000 cash from my own bank account to take my family on a summer vacation last year. Infuriated I demanded to see the bank manager who told me foreigners could only withdraw $500 in cash a day from their bank (China Merchants Bank). So I told him fine, I would close the account and withdraw almost $60,000 I had in my account. That he said would take 30 days for a foreigner but for a local Chinese, it could be done immediately.
Also, when foreigners buy tickets from Air China they pay a higher rate than locals. After I learned the hard way I let my Chinese wife handle everything now. This is just one way that China makes life annoying for foreigners. |
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