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

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Thursday, February 9, 2012 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: Facebook's Most Important People THE GOOGLE INVESTOR: Facebook Has Microsoft As Ally To Take On Google Sean Parker's Next Big Thing Is Chatroulette For Facebook THE MICROSOFT INVESTOR: Nokia Says There Is No "Plan B," It's All About Windows Phone Advertisement CHART OF THE DAY: Groupon's Growth Bounces Back CHART OF THE DAY: Apple Is Pulling In 40% Of All Mobile Industry Revenue, And 75% Of All Mobile Profits CHART OF THE DAY: Facebook's IPO Could Make Zuckerberg One Of America's Ten Wealthiest Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn 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

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