posted on Sep, 25 2012 @ 04:02 PM
Unchecked capitalism. HUGE supply of hands, low demand, you offer people board and room and food and not much else, for 14 hour shifts. They have to
work long just to survive, while they see other people, getting rich off their work.
Wouldnt you go mad if there wouldnt be anything good in your life, just work eat and sleep?
Originally posted by okyouwin
This put Apple stock into a tailspin.
Yes these working conditions are just outrageous. And still with basically slave labor, these damned phones cost 800 bucks.I guess the parts are
pricy. Still there aren't that many parts. Profit must be ungodly. I'm sure they would tell us the margins are very thin.
If I'm allowed to curious? (And I'm sure this would be the place to be curious, because of all the capable research people here.), what would an
I-Phone cost if produced by properly compensated workers? Would there still be profit at $800.00
An Iphone costs about 200 to manufacture. I do not have all the facts, but I would guess even if you add in research and marketing, then yes there
would be still a healthy profit, but, you know, less. Then there is the revenue beyond the physical hardware, iTunes and whatnot.
But Apple is just one of the companies. There are companies operating with a lower profit margin. The consumer is relentless, always worried to get
screwed, always looking for the best price. You either take what China and India has to offer, or you can not produce competitively. China and India
need to change, with no rosier prospects to flee to either. Maybe a company like apple can help to bring forward such change in the country, for
itself and its competitors.
edit on 25-9-2012 by Merinda because: (no reason given)
those pics dont even begin to show the hellish conditions they endure at the foxcon factory... its the worst in asia.. words cant even start to
describe it... had two friends who worked there who committad suicide because of how bad that damn place is... never will own any damn apple product
out of memory and respect for those who died at their damn factory...
Actually it is not so bad, compared to what else low low wages offer you. Elsewhere people work long hours for food and still live on the streets.
Their standard of living is significantly lower than that of somebody in Europe or America on unemployment.
edit on 25-9-2012 by Merinda
because: (no reason given)