Siheyuan (courtyard house): My name is Shazhu!

"Sir He, if wages here become too high, leading to excessive costs, will your company relocate and build a new factory elsewhere?"

"I can tell you with certainty, no! We will only stop production and close down the factories once all the factories here start to lose money for the whole year!"

This is an inevitable trend that we cannot stop; we can only hope it happens later. Our company's think tank estimates that losses will occur between 90 and 95.

"No way? Time has passed so quickly. Even if Dongda Group's investment increased tenfold, it should be able to withstand it. Why would it suffer losses!"

"If monthly wages rise to three thousand, we will face losses. High industrial costs and loss of competitiveness will also mean losing market share and reduced operating revenue!"

We already have several companies that are losing money. These are service companies, such as bus and ferry companies. The losses are not large, only a million Hong Kong dollars, which we can afford!

When market share decreases while wages continue to rise, businessmen will withdraw. This is the choice of the port city. High wages and high prices necessitate enterprises with higher added value.

The automobile manufacturing and shipbuilding industries are failing, and clothing and toy companies are even worse off!

I also hope that the company here will have a long lifespan and, if possible, not close down.

"Manufacturing products also go up in price, and they still can't hold on and will suffer losses? Bus companies can raise fares!"

"The prices of manufactured goods will rise, but what about market share? If you can't afford a price war, a significant reduction in market share is inevitable."

Rising wages coupled with a significant decrease in market share will lead to losses.

There is no need for bus companies and other service providers to raise prices now, thus increasing the burden on ordinary people's lives.

Our company's think tank has predicted that around 90, even after schools and hospitals are normalized and the company is no longer burdened with these two expenses, it is still possible to incur losses!

We spend 2.6 billion yuan a year on these two areas. Thirty years is enough time for ordinary people here to educate their children well. If they don't, it's none of our business.

If not, it's their own problem; primary and secondary schools offer free education!

University admission is half price, and there are scholarships, grants, low-interest loans, and no need to send children to school. It's just a problem between parents and children.

This is irresponsible towards the child or the child's own life!

However, the only advantage of the factory being able to reduce losses is that its employees should have reached retirement age by now, which is more than 30 years after it was built and closed.

This isn't just a problem for Dongda Group; the loss of manufacturing jobs is an inevitable issue that will affect all companies.

"Retired workers don't receive wages; what will happen to them after they retire?"

"We've considered that 50% of their salary is enough for them to live on. They can support a large family now, but when they're sixty, they'll only need to support two or three people."

"Sir Ho, do you mean that once your children grow up and have their own jobs, your grandchildren won't need your support? What if future generations don't have jobs?"

The lie is that if you just endure it, you'll find a job and life will get better! The truth is that they have no obligation to raise their grandchildren or give them educational opportunities; if they don't use them, who can they blame?

"It seems that's true; we're back to the education issue. Retired workers receiving 50% of their wages is also increasing the company's burden. You can choose not to extend the company's lifespan!"

"From the moment our company recruits its first employee, we have already developed a retirement plan for them, which includes commercial insurance and our company's overseas investments."

We don't want our workers to starve to death on the streets when they are in their sixties or seventies, or to protest and demand money for food from us!

It's always better for everyone to see things through to the end!

They earn money for the company when they are young, and the company supports them when they are old.

This can be considered a form of 'respecting the elderly as one would one's own parents'!

Education is a form of "caring for the young as one would one's own children"!

Our company consists of people, not gods. This is the best we can do. We can't handle anything more. If the company goes bankrupt, all the workers will lose their jobs, and that would be even worse!

Clap, clap, clap, clap, clap, clap... A tsunami of applause erupted as the audience cheered for Dongda Company.

There is no such thing as a continuous retirement pension until death in Hong Kong. Dongda Group has already thought about the retirement life of its workers.

This company is so enviable. We don't have retirement pensions either. Shouldn't we also ask for a raise and a retirement pension?

This is in our fundamental interests!

Let's go together! Let's go together!

The reporters present looked at He Yuzhu as if he were a god, for he thought of everything for his company's employees and did good deeds for ordinary citizens.

The public service sector will not raise prices to alleviate their living burden.

They truly treat their workers like family!

When a reporter asked to see the retirement pension investment table, He Yuzhu did not refuse, explaining that he had prepared it based on the retirement pensions of workers in his hometown.

When the twenty selected reporters from various newspapers saw the 'retirement provident fund' established by the Dongda Group's finance department based on the 1955 garment factory workers' plan, everyone was agitated.

It really exists. All employees have it, starting from their first month after joining the factory. I'm not lying to anyone; it's a genuine fact.

This also includes the general manager, Sir Zhao Youcai, who is also an employee of Dongda Group.

The longer you work in the factory, the higher your retirement pension will be. The average retirement pension for women working in the garment factory is now HK$403, which is higher than the wages of the factory workers.

Even the lowest-paid employees in some departments in Causeway Bay who joined recently received HK$235, and that amount will increase every year thereafter!

I'm done playing, no need to stay calm!

We earn a little over a thousand a month, which seems like a lot, but we still have to work when we get old. Meanwhile, a worker can go out for tea and play cards after retirement!

We need retirement pensions too!

This led to the exposure of Dongda Group's provision of pension funds for its workers. What is the purpose of education? Is high income and high consumption really a good thing? What will happen here after industrial transformation?

The economy here cannot be supported by finance and real estate alone. The pressure of competition in life will become even greater. What should we do in the future?

Wait until the title appears!

This time, everyone is getting restless, including many business owners. High wages mean decreased competitiveness, and they're doomed to fail when faced with low-price competition!

They all understood this principle: it was a vicious cycle, and the only way was to leave the port city and find a place with lower labor costs.

Many people are also realizing the importance of education, which is of paramount importance to the future of the port city and will benefit the next generation more than a decade from now. They need to learn more.

You need education to get a job!

They believed that Dongda Group had no reason to lie to them; industrial transformation was inevitable, it was just a matter of time, and the timeframe was only about fifteen years!

It turns out that the Dongda Group's automobile manufacturing plant has such high profits because of technology and labor costs. Lower costs mean less competitiveness, a larger market share, and higher revenue!

He Yuzhu's explanation was simple and insightful, even to those with limited education, and it also explained why Dongda Group's educational programs had returned to normal after thirty years!

The costs are too high. Even if ordinary people have high incomes, they still have to make their own contributions. Dongda Group has no obligation or reason to keep spending money for you.

Giving them thirty years is already more than enough!

If you can't seize the opportunity, who can you blame?

The employees of Dongda Group were also in an uproar. They hadn't expected that 50% of their retirement income would be prepared for them. This was something that didn't exist here!

The company's think tank has already calculated that by the time we are sixty years old, we will indeed only have two or three people in our family, and we will not be obligated to support our children after they grow up.

The company has done so much for us; the only way we can repay them is by working hard.

At this time, people are not yet very refined!