Today in class (day 46)

Today in class we continued to watch the video "The People's Republic of Capitalism". We continued to watch how companies move their American company to another country, such as China, to sell their products lower. Why are they lower? They are lower because China does not have a law like we do in the United States. We have a law of minimum wage so that everyone has a chance to earn equal money. In China though, labor is very cheap as low as 2 dollars A DAY. Companies move to China to pay for labor more cheaply and sell things at lower prices. Walmart is a big company that deals with "low prices". One way they do this is, is by getting products from companies that are in China. On Apple labels, it always says "Designed in California". It never says WHERE it was made, but only where it was designed. Most likely their products are made in China so that it is not as expensive as it would be if it was made in the United States.