I think you're partially right here. I personally believe Cook may indeed be an ethical person and now that Jobs isn't calling the shots......
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Fair Labor Association Reaches Agreement with Foxconn on Working Hours and Pay
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I think you're partially right here. I personally believe Cook may indeed be an ethical person and now that Jobs isn't calling the shots......
those Brazilian factories cant open soon enough
for those whining about Apple using Chinese labor
please show me a company that "doesn't"
every single damned thing you people buy (for a huge mark up) is made over there
at least Apple is reforming, hiring, and paying better
you don't see that coming from the fashion, food, raw material industries?
for those whining about Apple using Chinese labor
please show me a company that "doesn't"
every single damned thing you people buy (for a huge mark up) is made over there
at least Apple is reforming, hiring, and paying better
you don't see that coming from the fashion, food, raw material industries?
"Just put it on your credit card." Are you for real? That's exactly the kind of attitude that has us in this economic mess.
IMO if Apple's production costs will increase, they might as well move jobs back to America.
I think we're a long way off that being the case. The Chinese workers would probably be millionaires before it would be viable to bring jobs back to the US!
And as we all know apple's margins are way too low to give....
The real question is whether this cause stock to go up, down, or remain put?
Personally, I own none right now (nor have I ever owned any stock from any company ever), so my question is an innocent one. (I anticipate massive down votes without this disclaimer.)
I applaud them for striving for improved working conditions. More and more, it's looking like China is the place to live these days.
spare me the ethics crap spin
Methink Apple decide now to address and to lay rest these persistent labor issues thats been ongoing for years to burnish their corporate image with Chinese consumers/market and government now that China is their second biggest and fastest growing market and hoping to propel their stock to $1000...
Methink Apple decide now to address and to lay rest these persistent labor issues thats been ongoing for years to burnish their corporate image with Chinese consumers/market and government now that China is their second biggest and fastest growing market and hoping to propel their stock to $1000...
I doubt that simply because there are much more people in China than in USA, so in USA there is less competition between workers and wages are higher.
But we'll certainly see losses in buying power of americans. This can be easily compensated by a less consumerist society. We don't need buying every s*** that is offered to us. We just need some food, some entertainment, some love, some travels and some rest. All the rest can be compensated with psychotherapy.
The New York Times estimated an iPhone would cost $65 more if made in the USA and I , for one, would be much happier paying 65 bux more for that...
Foxconn emply 120,000 workers, plus all the suppliers which double that easily, and whilst I have nothing against them personally I simply don't understand why Apple refuses to make products in the USA...
Kevin
Agreed. I can tell you from personal experience that it is very nice to have the option to work OT to earn some extra money.
Voluntary OT = good.
Forced OT = bad.
Your argument doesn't explain why not saying OMG.
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Forced OT = working to get the minimum money for living.
Maybe because Samsung could offer a $65 cheaper competitor?
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I must be missing something. So Foxconn is forcing these people to work there?
Forcing is similar to offering when you have no choice.
In other news, the iPhone engineering team released the following statement:
"60 hours a week during peak times? And they get paid for every extra half hour? F this! We're moving to China!"
Hours worked is irrelevant, the question is how they're being compensated relative to the regional median for the work they do.
"60 hours a week during peak times? And they get paid for every extra half hour? F this! We're moving to China!"
Hours worked is irrelevant, the question is how they're being compensated relative to the regional median for the work they do.
Apple's cost will go up a hair, but so will everyone else's. Not a competitive disadvantage. They will probably someday build in every region just like the automakers do.
Every time I hear Civil Liberty Union in democratic countries, I chuckle a little at the irony.
So, now that China no longer has cheap labor, which country will all the world's electronics manufacturing going to happen in now?
Hours worked is irrelevant[2]
Suppose you get $50 per week for 40h.
Then you work 60h and get $75 a week.
You would get up to $300 monthly by working 240h. That's a big deal, no?
Especially those Foxconn workers. They are largely migrant workers who cares to gain the maximum earning for the time they spend out working. Many of the girls are working up a saving for their future marriage. The earlier they can save up, the earlier they'll return home home to continue their life.
It's only bad if one is spoilt by standards prevalent in developed nations. If that extra $25 double from overtime equates to the same or more earning as what the workers used to earn in a year back on their farm, then the perspective has suddenly changed. Then those extra 20h is a God send if they have the opportunity to capture it.
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And the so called "leader of the free world" with a "democratic" system brought us an illegal war over Iraq with thens of thousand of innocent deaths.