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LMC - Is This Fair?

  1. profile image0
    JaxsonRaineposted 4 years ago

    http://store.apple.com/us/browse/home/s … US-KWG-PLA

    Is it fair for Apple to charge these prices?

  2. lovemychris profile image80
    lovemychrisposted 4 years ago

    Depends on what they pay their workers IMO.

    1. profile image0
      JaxsonRaineposted 4 years ago in reply to this

      FYI, Apple makes a 20% profit on their sales. Most companies struggle to make 1-5%.

      You need to learn about free markets. People pay way too much money for Apple products because they like them. There is demand for it.

  3. psycheskinner profile image80
    psycheskinnerposted 4 years ago

    Profit-motivated businesses charge whatever will maximize income. That is their duty to their shareholders.

  4. lovemychris profile image80
    lovemychrisposted 4 years ago

    But don't they pay their workers slave wages? Where is their duty to them?

    1. innersmiff profile image79
      innersmiffposted 4 years ago in reply to this

      Why aren't more companies taking advantage of this cheap labour?

      1. lovemychris profile image80
        lovemychrisposted 4 years ago in reply to this

        They're trying.....just wait until all the unions are busted, and they can claim they need reparations to come back....after getting tax breaks to leave!

        Cheap labor, and tax breaks to come home.....so they can do the damage here they did overseas. what paragoons of reprehension.

        1. profile image0
          JaxsonRaineposted 4 years ago in reply to this

          Funny thing, my last hourly job wasn't with a union and I got paid $18/hr with good benefits.

          Weird.

        2. innersmiff profile image79
          innersmiffposted 4 years ago in reply to this

          What incentive do these companies have to raise salaries if nobody is competing with them for labour?

  5. profile image0
    JaxsonRaineposted 4 years ago

    I made this thread to point out the irony.

    People complain that the insurance companies are ripping them off. They make 1-4% profit.

    Apple makes 20% profit, one of the highest profit margins of any large company in the nation. But Apple is never called evil for being money-hungry.

    1. psycheskinner profile image80
      psycheskinnerposted 4 years ago in reply to this

      They get called evil all the time, despite providing better worker conditions than their major competitors. And no matter how much the unions got squashed, electronic will not be made here. The economics would not stack up.

 
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