12/13

Today in class Ben was teaching and reviewing the stuff we are going over for the quiz.

12/12/12

Today I think all of the groups presented in class. My groups presentation was about China producing goods that are cheaper. Also we talked about China having low pay so they have the cheapest prices guaranteed. Ben in are group was very enthusiastic and it was funny. Otherwise I think are group did good. The other groups did good to but there was a lot of arguing and discussion for Lexie's group.

12/7

Today we started a presentation in class. My partners for this assignment are Ben, Alex, and Avery.  We have to do are project about China having low prices compared to the USA. This is a important topic because a lot of American workers are losing there jobs to China because the people in China work for a lot less because they don't have any minimum wage. Also in China a lot of people are desperate for jobs because China has a giant population of people and the majority are in poverty.

12/6/2012

Today we had a sub so we continued watching the video and we learned that China will have more cars then the U.S at the rate there going in 2030. In Chongqing the labor is even cheaper then in China. They are selling 25000 cars a day and 9 million in a year. This is the fastest growing car production in the whole world. Its too bad that most of them are inexperienced drivers. Most or not all of the people buying cars in Chongqing are first time buyers. A taxi driver makes 14$ for a 10 hour work day. 

12/5 words

Capitalism- a economic system that is based on private ownership for production and the products of goods and services.
Communism- revolutionary socialist movement to create a classless and socials order
free enterprise-Private business operating for profit without information from government beyond regulations.                                                                                                                                                                                        
Free market- An economic system in which prices are determined by competition of privately owned businesses.

12/3

Today we finished watching the first part of the movie then we skipped the second part and started watching the 3rd part. These are the notes I took from the movie. A lot of Chinese people that drive don’t have insurance and they just pay the person depending on how bad the crash is.Even though there are some insurance company's like liberty mutual.There are around 400 car crashes a day which is the top country in car crashes. This has made one of the most dangerous places in China is crossing the roads.Instead of using machines china just uses thousands and thousands of people that need work to do the same job.

Tunnel workers make 14 dollars a day but works 11 hours a day 7 days a week. So they make pretty good money compared to other low salary workers.