Not a fan of Apple, but if that approximate figure of $3.40 an hour is accurate it’s a very nice living wage for a Chinese production worker. And as I made sure to teach my kids when we would talk about business and I would ask them what something should cost, it’s whatever the market will bear and not leave unsold product on the shelf, and the only people any company owes an explanation to about how it prices its products are the owners (share holders). Naturally, these simple facts would escape someone whose business is based on tricking suckers into a theater to watch his 90 minute dog and pony light show at $10 a pop.
Well put katana....we taught our kids similarly. This is called conservative free market economics. As you know of course.
Naturally, these simple facts would escape someone whose business is based on tricking suckers into a theater to watch his 90 minute dog and pony light show at $10 a pop.
Unfortunately, these simple facts are proving too complicated for a lot of Freepers and some presidential candidates too.