RefBan

Referral Banners

Yashi

Thursday, February 9, 2012

CHART OF THE DAY: What If Apple Transferred $1 Billion In Profits To Foxconn Workers?

CHART OF THE DAY: What If Apple Transferred $1 Billion In Profits To Foxconn Workers?


View this email online | Add newsletter@businessinsider.com to your address book
SAI Share this Email
Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest

Thursday, February 9, 2012
Find Us on Facebook Follow US on Twitter


What If Apple Transferred $1 Billion In Profits To Foxconn Workers?

We saw this chart from Nic Musolino at ninety9, via Yves Smith at Naked Capitalism. It shows what would happen if Apple were to transfer $1 billion in profits to all Foxconn employees.

As you can see, the average wage of a Foxconn worker would double, while Apple's profits would barely be affected.

Why would Apple want to do this? Smith argues that when Henry Ford raised wages for Ford's assembly line workers it led to other manufacturers having to raise wages to keep up. That ended up creating a lot of wealth around the country, which led to more people being able to afford cars.

In theory, Apple could take a very small short term profit hit to accelerate the development of China's iPad/iPhone buying middle class.  
Read »


Also On SAI Today:
Advertisement

chart of the day, groupon, quarter over quarter growth. feb 9 2012

CHART OF THE DAY: Groupon's Growth Bounces Back
chart of the day, iphone revenue share, feb 8 2012

CHART OF THE DAY: Apple Is Pulling In 40% Of All Mobile Industry Revenue, And 75% Of All Mobile Profits
chart, zuckerbergs net worth

CHART OF THE DAY: Facebook's IPO Could Make Zuckerberg One Of America's Ten Wealthiest
Share this: Facebook Facebook Twitter Twitter Digg Digg Reddit Reddit StumbleUpon StumbleUpon LinkedIn LinkedIn
Follow us on Facebook Follow us on Twitter
The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com

Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the SAI RSS Feed

Business Insider. 257 Park Avenue South, New York, NY 10010

Terms of Service | Privacy Policy


If you believe this has been sent to you in error, please safely unsubscribe.

No comments:

Yashi

Chitika