Noooo, the global minimum isn’t zero. It is well below zero when you think about human trafficking, prostitution and forced labour. /s
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Indian Workers Ransack Wistron iPhone Production Plant Over Unpaid Wages
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it'd be roughly the same price, but Apple wouldn't have such absurd profit margins.
Imagine being paid so little a month, one couldn't even afford a MagSafe duo with your entire salary...and one could only dream of a new charger to go with it.
I agree. On the other hand, this could be that someone (or many people) who are not working at all is now being given a wage.
Way to go Wistron! I’m sure somebody has an idea where these guys came from and why they’re angry. 😃
You can’t just ghost some Indians after you’ve underpaid and fired them. There’s a reason why you’re a tier 3 assembler in Apple’s books.
a few seconds of googling indicates that 500 USD / month makes for a reasonable 1 person income in Bangalore... Which is probably also why Apple is more than happy to lobby for more H1B visas.
That’s how most contracts work. Building A pays contractor x amount which they pay a employee x lower than what the building pays them. With the profit they have to buy supplies for the job and whatever is left is there profit
People say that the cost of an iPhone would be much higher in price, but I don't think so.
Not nearly as many people would buy them.
Apple would either have to accept lower profit margins, or accept a much lower marketshare and much lower revenue.
Apple should get out of India. It is inherently much more corrupt on a systemic level. With China and Taiwan and even Vietnam you know what you will get but in India you get systemic corruption
I know, we were following another thread - I think someone was saying you see this on third world countries and the point was that this scheme is everywhere regardless of what country.
The same, most likely. Difference would be Apple wouldn't be able to juice its profit margin as much.
I agree with you. The contract and money is there in this case, it's just someone in Wistron decided to gobble up the money that could be used to pay their employees (of course, this depends on whether the workers were acting due to the reasons described in the article) - something that Apple doesn't have direct control over, and that surprise inspections wouldn't really help either.
Lots of Chinese agents disguising themselves as workers in many key factories across the country with their masters paying them through lots of left leaning outfits (also terrorists sympathizers) including media houses called as Urban Naxals they indulg in lots of anti-national activities. Now nationalistic government pushing through various reforms to speed up countrywide development being resisted by lazy folks in the name of farmer strike, citizenship bill strike, article 370 strike, demonetisation strike....foreigner run opposition party hardly care about India,fueling these agitations by using their ill gotten wealth (by looting the country's wealth) in European tax heaven. Unfortunately for Apple, India is a democracy unlike China where these factory unrest would not even appear in local news papers, forget alone international press(this is where foreigner ruled opposition party gets good coverage overseas,especially in West whenever it could put down the image of its country with obliging overseas press....
But we don't sell products locally based on local manufacturing cost isn't? You use international currency converters to suit your needs! Thats where the hypocrisy kicks in the disguise of many fancy busswords
Corruption A Leading Theory Behind India's Blackouts
The world's biggest power outages last week have exposed one of India's most serious issues — the growing gap between energy supply and energy demand. Left unheeded, it will deepen gathering doubts about India's dream to become a superpower. A growing economy, ballooning population and...
www.npr.org
Somebody at Wistron probably didn't grease enough Indian hands.
If there's significant level of corruption even in something as basic as electricity, you can bet labor is controlled too.