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It’s not like Apple is an outlier and non-richest companies are any better. Electronics manufacturing, as well as many other kinds of manufacturing (e.g., cloth
by oefrha 6y ago
It’s not like Apple is an outlier and non-richest companies are any better. Electronics manufacturing, as well as many other kinds of manufacturing (e.g., clothing which is even more notorious), operate on razor thin margins. Guess how much you can realistically pay workers when you make a grand total of <$5[1] on a $1k device? Not gonna come close to U.S. minimum wage, that’s for sure.
Anyway, this kind of exploitation is part of how Western companies accumulate wealth and it partially funds your first world salaries and lifestyles.
[1] The higher estimates I’ve seen are always <$10, and lower estimates are way under.
- esyir 6y agoI'm pretty sure apple is an outlier, and their margins are hardly razor thin. The iphone's margin has been estimated anywhere at about 60-75%. This argument might apply to commodity grade electronics, but not to apple.
- oefrha 6y agoManufacturing margins are razor thin. The brand names pocket all the profits, the people producing commodity parts and assembling them get nothing, which is my entire point. And no, Apple is not an outlier in that regard, even though they pocket more than HP, Dell, etc.