Results 1 to 4 of 4

Thread: wage buck

  1. #1
    unpakwon is offline Senior Member
    • Member Info
      • Member Type:
      • Student or Learner
      • Native Language:
      • Korean
      • Home Country:
      • South Korea
      • Current Location:
      • South Korea
    Join Date
    Jun 2007
    Posts
    1,019

    Default wage buck

    Could anyone please explain what the following in bold mean in the given context?

    Despite their lower wages and often equally wretched working conditions, none of these countries can compete effectively with China. One important reason is simply that manufacturers in China get a lot more productivity bang out of the wage buck. Chinese workers are relatively better educated and, more important, far more disciplined than the workers found in the poor barrios of Caracas or Rio de Janeiro or the slums of Soweto or Lesotho. This means that dollar for dollar and yuan for yuan, China can provide higher-quality, more-disciplined workers; on a productivity-adjusted basis, their workers are highly competitive with virtually every other country in the world.

    Thank you.

  2. #2
    Anglika is offline No Longer With Us
    Join Date
    Oct 2006
    Posts
    19,448

    Default Re: wage buck

    Quote Originally Posted by unpakwon View Post
    Could anyone please explain what the following in bold mean in the given context?

    Despite their lower wages and often equally wretched working conditions, none of these countries can compete effectively with China. One important reason is simply that manufacturers in China get a lot more productivity bang out of the wage buck. Chinese workers are relatively better educated and, more important, far more disciplined than the workers found in the poor barrios of Caracas or Rio de Janeiro or the slums of Soweto or Lesotho. This means that dollar for dollar and yuan for yuan, China can provide higher-quality, more-disciplined workers; on a productivity-adjusted basis, their workers are highly competitive with virtually every other country in the world.

    Thank you.
    manufacturers in China get a lot more productivity bang out of the wage buck = They get more for their money, they get more work out of their workers for the money spent on wages, than the other countries can.

    This means that dollar for dollar and yuan for yuan = Because Chinese workers are highly disciplined and educated, the manufacturer gets value from them per dollar/yuan spent as they work well.

    on a productivity-adjusted basis, = by using productivity statistics, it can be shown that Chinese workers produce more per worker than those in the other countries.

  3. #3
    unpakwon is offline Senior Member
    • Member Info
      • Member Type:
      • Student or Learner
      • Native Language:
      • Korean
      • Home Country:
      • South Korea
      • Current Location:
      • South Korea
    Join Date
    Jun 2007
    Posts
    1,019

    Default Re: wage buck

    It's been a big help. Thank you.

  4. #4
    BobK's Avatar
    BobK is offline Harmless drudge
    • Member Info
      • Member Type:
      • English Teacher
      • Native Language:
      • English
      • Home Country:
      • UK
      • Current Location:
      • UK
    Join Date
    Jul 2006
    Posts
    14,888

    Default Re: wage buck

    I'll just add that, because of the alliteration, 'bang for the buck' is quite a common idiom, especially in business. People say 'more bang for the buck' even in the UK, where we don't have 'bucks'. "Bang for the wage buck" isn't nearly so strong a collocation, but the writer used it as a short way of saying 'bang for the buck spent on wages'.

    b

Similar Threads

  1. Wage and Wages
    By chuyih Wang in forum Ask a Teacher
    Replies: 2
    Last Post: 26-Jun-2007, 10:54
  2. Make a buck?
    By Belly T in forum Ask a Teacher
    Replies: 3
    Last Post: 17-Apr-2007, 13:39
  3. Would you kindly edit my paragraph, please?
    By frostyfreeze in forum Editing & Writing Topics
    Replies: 2
    Last Post: 26-Feb-2007, 07:56
  4. wage payment
    By Hanka in forum Ask a Teacher
    Replies: 2
    Last Post: 09-Nov-2006, 22:21

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Hotchalk

Search Engine Optimization by vBSEO 3.6.1