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Apple, which has the highest profit margins, is on a crusade to make labor less cheap, thus lowering profit margins for everybody, which will hurt their low mar
by xenophanes 14y ago
Apple, which has the highest profit margins, is on a crusade to make labor less cheap, thus lowering profit margins for everybody, which will hurt their low margin competitors much more than themselves.
I'm not saying that's their only reason but let's be careful applauding their altruism and ignoring the business merits of their policy.
BTW, also, if some Apple competitors can only exist because of the temporary cheap labor pool (one day China, India, etc will modernize a lot more. maybe it will take 50 years but it is temporary), then maybe that says something interesting about their businesses.
- jimray 14y agoIt takes a highly developed sense of cynicism to see a transparent effort to curb child labor as an attempt to hurt their competitors. Furthermore, Apple has publicly committed to bringing more manufacturing to the US, which isn't exactly pool of cheap labor. There are plenty of Apple's business practices worth criticizing. Making a forthright attempt to end child labor in the third world is not one of them.