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Wouldn't a more true indicator of economic benefit be the per capita benefit to a countries labor force or something to that effect? If of the $80 that Apple g
by pmorici 17y ago
Wouldn't a more true indicator of economic benefit be the per capita benefit to a countries labor force or something to that effect? If of the $80 that Apple gets from each iPod 90% of that goes into the corporate savings account that really doesn't help out a whole lot of people. On the other hand if that $4 that goes to China goes mostly to the factory workers then that helps out quite a few people.
Point being this guy is trying to say that corporate profits are equal to jobs which isn't really the case. One benefits a small group where the other benefits a wider section of society.
- SamAtt 17y agoThe problem with that logic is that Apple doesn't just put its money in a corporate savings account they invest it (a savings account of any kind would be financial malpractice on the part of the CFO). When you hear about how much money Apple has that isn't their bank balance its their easily liquidated assets (a.k.a. assets that can be turned into cash quickly) Those investments are split into groups depending on their levels of risk but just about every cent gets pumped into the economy in some way. Whether its CDs which guarantee the bank funding so they can give loans or investing in companies which employ people. One way or another that money is active in some way. Companies have CFOs in order to get the best return on their assets and that requires investment (and investment is what fuels an economy)