Saturday, July 28, 2012

Apple in China

Apple doesn’t just make stuff in China; its sales there are booming, too

Some say Apple should copy an idea from Henry Ford. The great American carmaker paid his employees enough to afford a Model T. Will the workers who assemble iPads one day be able to own one? With wages soaring in China, that may not be a pipe dream. Given that wages account for only 2% of the retail price, bumping them up would hardly cripple Apple’s margins. And removing the “sweatshop” stigma might help its global reputation.