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Apple Makes $407,000 Profit Per Employee, Walmart And Retail, $6,300: Who's The Exploiter?
Forbes ^ | December 28, 2015 | Tim Worstall

Posted on 01/17/2016 1:40:52 PM PST by grundle

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To: N. Theknow
Other than both being excellent business models in their respective businesses, they bear as much similarity as comparing General Electric and a grocery store chain.

In many ways, that is exactly what is happening here. Walmart SuperStores have full service grocery stores included in them. . . and Walmart itself takes the margin levels of a Supermarket Chain only with general merchandise, using the low margin, rapid turnover model as the means of making money. Move lots of merchandise at low profit margins, rinse, repeat. Same model as grocery supermarkets.

61 posted on 01/17/2016 9:48:34 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue....)
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To: DoughtyOne
I'm sure prevailing wages are different about everywhere you go..

I suspect the wage quotient in iPhone production isn’t that high per capita wise.

The prevailing wages will differ according to cost of living in any area. That's what a lot of these people screaming and wearing sack cloth and ashes about the issue fail to understand when they complain that the hourly wages in country X, are not the same as the hourly wages here.

The Apple assembly line workers are the highest paid assembly line workers in China, as far as I know. The minimum assembly line worker pay (China has different minimum wages per industry) is now about $1.87 an hour equivalent. Three years ago it was about $1.37. Apple has been one of the driving forces in raising that. There's a reason why when there are openings on Apple lines, there are thousands of applicants for every opening.

62 posted on 01/17/2016 11:18:32 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue....)
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To: petitfour
Apple advertises on my devices that I have 5G of FREE storage on the iCloud. Husband paid for 50 G of space on the cloud. Immediately upon paying, it says we have 45G left. So that 5G isn’t free anymore, I guess. What a scummy company.

No, you still have 5G free. You paid for the increase to 50G. If you cancelled the 50G, you'd still have 5G free. That's not "scummy," that's business. Read what you bought. It said increase your iCloud to 50G. . . it did not say add 50G. Words mean things. Read the contract you agreed to, not what you think it said.

You had already USED the 5G of space for your backup.

63 posted on 01/17/2016 11:23:00 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue....)
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To: vpintheak
Yeah but apple is “cool”. But whatever. Are they getting government kickbacks to sell their products? If not, then good on them!

Nope. As far as I know, Apple was not even on the Government approved procurement list. . . that would have been Windows Computers. The US government just decided to approve Samsung phones based on their unbreakable "Knox" encryption standard. . . then three weeks later it turned out that Samsung keeps its passcodes in an unencrypted library in a TEXT FILE where anyone could find it! LOL! The Hacker Team company, has hacking tools for every mobile device, including Android and Knox, EXCEPT Apple iOS devices. . . yet our government decides to standardize on Android Samsung with Knox that keeps its passwords in a TEXT file in an unencrypted library outside of the encryption. . . stupid.

There were some exceptions to the above, such as NASA and the Lawrence Livermore National Laboratory and other research and engineering organizations.

Only recently with the Bring Your Own Device has the government added Apple devices.

64 posted on 01/17/2016 11:41:07 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue....)
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To: Swordmaker

Wrong-o bucharoo, apple pays less in taxes than good ole exoon/mobile. Actually apple pays a substantially less tax rate than e/m with more gross sales but with several billion less in taxes.

Apple keeps huge sums overseas so they do not have to pay u.s. Income taxes.

Whow, they make those big volumn desk top manufacturing here in the u.s.
How much an hour did you say they pay the cell phone/ipad workers? Is it 25 or 50 cents an hour?


65 posted on 01/17/2016 11:44:34 PM PST by biff
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To: Swordmaker

I do not hate apple, this is being written on an ipad, damn good product. My kids use their iphones, damn good product.

You seem to be extremely sensitive about apple. You own their stock?


66 posted on 01/17/2016 11:49:24 PM PST by biff
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To: GraceG
As Much as I hate Apple, i do not begrudge them a profit, but I dislike they use cheap Chinese slave labor to make their goods.

Let's get something straight, Grace. Apple does not use "slave" labor. The workers in the Chinese companies that assemble Apple products are paid well, in fact, better than other workers on assembly lines making other electronic products. They earn from $3.25 to $3.70 an hour which, for the Chinese cost of living, is a very good wage.

The companies which assemble Apple's products in China, FoxConn and Pegatron, assemble consumer electronics for over 500 other companies including the companies that make YOUR computer and YOUR phones. The workers who assemble the products for those companies are paid LESS for their work than the workers who assemble products for Apple because Apple requires MORE pay and better conditions for the workers on their assembly lines as part of their contracts.

Here is a partial list of 52 of the over 500 FoxConn's customers I've been able to compile from news articles where their contractural relationships were mentioned over the past five years:

So which of those companies are the makers of your equipment, Grace? How much are they paying their workers? What ever it is, it is less than Apple workers are paid.

Only Apple is working actively to improve the conditions on the assembly lines in China. The rest join organizations so they can say they do something. Apple has paid employees at every one of their suppliers monitoring conditions and wages. Big difference. Apple has actually pulled a $2 billion contract from a supplier, and took the work to a high cost contractor, for violating the employee conditions of its contract. Not a single one of the others would even consider doing such a thing.

67 posted on 01/18/2016 12:01:22 AM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue....)
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To: biff
Wrong-o buckaroo, apple pays less in taxes than good ole exoon/mobile. Actually apple pays a substantially less tax rate than e/m with more gross sales but with several billion less in taxes.

Exxon Mobile has tons of tax credits for oil exploration they get for even overseas exploration. For the year I quoted, Apple did indeed pay far more than any other US Corporation. And I can post, and have in the past, provided the link to the actual Apple CEO Tim Cook's testimony before Congress. No other US Corporation paid more in taxes than Apple in 2012. Apple did indeed pay $1 out of every $40 in US Business Income Taxes.

"Ahead of the testimony it will be giving before the U.S. Senate tomorrow, Apple (via The Loop) offered up a nicely detailed 17-page PDF document with all sorts of good information inside. The most interesting number is this: Apple pays $1 out of every $40 of corporate income tax collected by the US Treasury. Isn't it incredible to think that one company is responsible for 2.5% of all US corporate income tax collection?

"Despite Apple being the single largest US taxpayer, Senators Carl Levin and John McCain are accusing Apple of establishing "the Holy Grail of tax avoidance." You can read the entire argument made by the Senate subcommittee on the Financial Times website."

Those are facts testified before the US Senate Congressional Investigational Committee.

The one pulling "Factoids" our one's rear-end here is YOU with your "25 to 50 cents an hour" idiocy, biff. The Apple contractor in China pays its Apple assembly line workers between $3.25 to $3.70 an hour after a short $2.70 an hour training period. This is higher than their minimum $1.79 Chinese minimum wage for factory work. (US dollar equivalents)

68 posted on 01/18/2016 12:16:43 AM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue....)
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To: grundle

Just proves that Apple has higher caliber empoyees- or more productive


69 posted on 01/18/2016 12:24:17 AM PST by Nailbiter
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To: Nailbiter

So big mouth, Nailbiter- what are the employees per capita? What are the sales to market rate?


70 posted on 01/18/2016 12:33:09 AM PST by RedHeeler
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To: grundle

For Apple, does that figure include the base jumping contract employees in China? ;-)


71 posted on 01/18/2016 12:36:25 AM PST by r_barton
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To: RedHeeler

If you are a Apple employee- you have the right to leave if you think you are undervalued - what the exact ratios are I have no idea- I am not either walmart or Apple employee.

I was attempting a bit of humor


72 posted on 01/18/2016 12:43:51 AM PST by Nailbiter
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To: Swordmaker

You can look it up and year after year after year the facts show Exxon by far is the most taxed corporation in America.

Now there may be a possibility that Mr. Cook has the same congressional testimonial difficulties as Hillary.


73 posted on 01/18/2016 6:47:12 AM PST by biff
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To: grundle
Cook said the decision to use Chinese manufacturing has nothing to do with American workers demanding higher wages. He said it was because the Chinese have more skill.

This is such BS, manufacturing can be done in the USA. Line workers are semi skilled at best.

What he meant was :He said it was because the Chinese have more skill at the peasant wages we are willing to pay

Link here

Our "elites" are that out of touch with reality.

74 posted on 01/18/2016 6:54:55 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Nailbiter

Humor seems to be a dying art around here lately.

...must have something to do with the political campaigns or the economy or just maybe we’re all turning into Angry White Men and don’t know or won’t admit it yet.

(That, by the way, is about the last attempt I plan to make at humor or maybe even a post on the ‘net until I can figure out if we’ll actually have an election in November or just go direct to CW2. And I ain’t humorous about that at all.)


75 posted on 01/18/2016 7:31:51 AM PST by Unrepentant VN Vet (God gives us rights; Governments take them away....if we let them.)
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To: RedHeeler

I was being humorous- but on reflection I will answer the underlying unstated question.
First who gets to deterime what a corporation gets to make for profit on- should it be the govt or the entitled- should it be you.

Better yet maybe the market place should determine profit, you have a good product to sell, people want to buy it. Why should a third party determine that you are making too much of a profit- are you conservative are you progressive
Frankly I could care less- there is widget that the market (consumers) want and are willing to pay for(maybe at a premium).

I have a blue hammer, my blue hammer is better than the yellow hammer, will you prevent me from selling my blue hammer at a better profit than the yellow hammer?


76 posted on 01/18/2016 8:05:09 AM PST by Nailbiter
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To: Nailbiter
Better yet maybe the market place should determine profit, you have a good product to sell, people want to buy it. Why should a third party determine that you are making too much of a profit- are you conservative are you progressive

If Apple is going to exploit (suicidal) coolie labor then they shouldn't have free access to our domestic market place. They should be subject to a stiff tariff. That is a Conservative position held by all of our founding fathers....

77 posted on 01/18/2016 8:08:15 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
It is commerce- no one gets to determine the price - govt may try to determine, you may try to determine but the end game is between the seller and the buyer.

Been that way since beginning of time Commerce is best and time tested situation- I have product to sell- you either meet my price or negotiate a better price. Govt only skews the result=tariffs skews the result - marketplace is only true result- good product at marketplacce value or not= profit

78 posted on 01/18/2016 8:19:07 AM PST by Nailbiter
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To: Unrepentant VN Vet

Humor in every day activities is a dying art- I strive to needle my co workers and friends with the funniest articles, news stories, I endeavor to get music stuck in their minds

Why not - an active mind is a terrible thing to waste- and so damn boring to boot

As to having an election in November- lettuce skewer the opposition with their foibles and inanties , why should they have all the fun and wasted ikc- albeit electronic ink

Make them the aholes think and work to come up with more dumbass arguments

In a nutshell why let them have all the fun, we as conservatives should have a say in the destruction of this great nation

Or as some great scholar once said eff em and the horse the rode i on


79 posted on 01/18/2016 8:37:40 AM PST by Nailbiter
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To: Nailbiter

Perhaps, your humor is well stated.

Unfortunately, the supposed “free trade market” is not a free trade market. It is one sided, and only one-sided.


80 posted on 01/18/2016 1:41:10 PM PST by RedHeeler
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