Working To Death In China

Working To Death In China

Tyler Durden on 03/27/2014 22:02 -0400

Submitted by Charmika Monet via The Diplomat,

East Asian work culture is world renowned for its long hours and exhausted laborers. Japanese salary men hustling to catch the last train home, their sleeping bodies stretched out along the seats (sometimes in curiously uncomfortable positions), is an image familiar to many people across the world.

Potentially suicidal devotion to work has in recent decades been viewed as a plague, especially among the Japanese. The Japanese term kar?shi, literally death from overwork, has entered the lexicon of Western journalists and medical practitioners. It even has its ownWikipedia entry.

Despite having the some of the world’s best-kept records on the subject, however, death from overwork is far from unique to Japan. Instances of it have been known to occur the world over, not least in China, which now reportedly leads the world in work exhaustion-related deaths.

It is estimated that some 600,000 people die from work-related stress and its effects every year in China.

This number comes as no surprise to those familiar with the anti-suicide nets in infamous Chinese labor mills such as Foxconn. Long hours, rough conditions, low pay and poor future prospects have been a recipe for work stress-induced suicide at facilities across the country.

While such figures remain alarmingly high, they account for a relatively small percentage of the total number of kar?shi victims in China. Perhaps surprisingly, manual laborers have largely proved resilient to poor work conditions and strenuous physical demands. It’s the so-called “mental labor” jobs, such as those in the advertising field, that have been the primary contributor to dangerously high levels of work-related stress.

These kinds of jobs can be found at all socioeconomic levels, with a slightly disproportionate representation by the middle class. IT employees have shown some of the highest levels of work-related stress with 98.8 percent reporting the negative influence of their job on personal health.

Such health risks include insomnia, listlessness, weight gain and long recovery times for small illnesses such as the common cold. Long-term exposure to these conditions can lead to obesity, diabetes and high blood pressure, which in turn can cause heart disease and stroke – the primary killer of kar?shi victims in China.

For the scores of young people in China’s modern metropolises regularly working copious amounts of (usually unpaid) overtime, this information is already old news. Competition for comfortable and well-paid positions in Shanghai or Beijing is notoriously fierce. Those without proper guanxi, or social connections, often never reap the benefits of their death-defying hard work. Much of China’s middle class, especially the young, earn only a fraction what their Western or Japanese workaholic counterparts do.

China’s financial capital of Shanghai has recently seen a sharp increase in the average marrying age of its citizens. The jump isattributed largely to the demanding work pace, which in turn is often justified by traditional cultural requirements of having purchased a house and car before marriage.

The rise of workaholic culture has also coincided with decreasing birth rates in cities and towns, including areas where couples are allowed to have more than one child. The expense of childcare and the parents’ inability to care for children are two contributing factors. In this sense, China is mirroring the same effects Japan has seen from its own overworked populace.

In the absence of widespread social reform, there is a small push to offer insurance for those who die from overwork. The lack of concrete links between cause of death and work-related stress currently makes the struggle an uphill battle.

As China marches its way toward unparalleled economic prominence on the world stage, many issues will stand in its way, including environmental concerns, political corruption and domestic insurgency. Now add an increasingly beleaguered workforce. As in Japan, it is an issue the government cannot afford to ignore.

 

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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