Download e-book for kindle: Insufficient Funds: The Culture of Money in Low-Wage by Hung Cam Thai

By Hung Cam Thai

ISBN-10: 0804777314

ISBN-13: 9780804777315

Every yr migrants around the globe ship greater than $500 billion to kinfolk of their domestic nations, and this move of cash has very important own, cultural, and emotional implications for the immigrants and their family alike. Insufficient Funds tells the tale of ways low-wage Vietnamese immigrants within the usa and their negative, non-migrant family provide, obtain, and spend money.

Drawing on interviews and fieldwork with multiple hundred individuals of transnational households, Hung Cam Thai examines how and why immigrants, who principally earn low wages as hairdressers, cleaners, and different "invisible" staff, ship domestic a considerable component of their gains, in addition to spend lavishly on relations in the course of go back journeys. Extending past mere altruism, this spending is stimulated through advanced social tasks and the need to realize self worth regardless of their constrained monetary possibilities within the usa. while, such remittances elevate expectancies for criteria of dwelling, generating a cascade influence that monetizes family members relationships. Insufficient Funds powerfully illuminates those and different contradictions linked to funds and its new meanings in an more and more transnational world.

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Extra info for Insufficient Funds: The Culture of Money in Low-Wage Transnational Families

Sample text

One reason for this is that the culture of consumerism in the new Saigon since market reform exhibits a complex interplay among global culture, migrant return visits, non-Vietnamese foreign influences, the rise of a local wealthy consumerist class, and a mass workingclass population eager to take part in consumptive practices. For example, most people in Saigon in the 1990s did not have a washer and dryer in their home; they did their laundry by hand. This was true of both the rich and the poor.

In the Philippines,15 Honduras,16 Ghana,17 Cape Verde,18 and Congo19) that demonstrate the importance of money as a significant aspect of expressing devotion and affection in transnational families.

It is important to consider these new norms, because none of the non-migrants in this study has ever been abroad, so this group’s views of money and of monetary circulation in relation to family life are based solely on their national experience. By the late 1990s, the growth of a global commercial culture and the intensification of a global supply of goods and services in the new Saigon meant that urbanites had the opportunity and the aspiration to buy in ways that were impossible before free-market reform.

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Insufficient Funds: The Culture of Money in Low-Wage Transnational Families by Hung Cam Thai

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