Those Jobs aren’t coming back.
Steve Jobs to Barack Obama on bringing back some Apple manufacturing jobs from China to America
With $121.3 billion in the bank, Apple plans to invest a mere $100 million in American manufacturing.
That’s a piddling 0.082% of Apple’s mega cash hoard, the big chunk of which is stashed away overseas to avoid paying U.S. taxes.
Image Courtesy: TruthDig
Apple CEO Tim Cook says the company plans to bring some manufacturing to America next year from China but provided no details other than to say it would involve the Mac computers (which, by the way, SI uses).
The over-priced Macs are not a big driver of Apple revenues and account for just 15% of Apple’s total revenues. iPhone and iPad provide the bulk of Apple’s revenues.
In short, by throwing the $100 million in crumbs Apple is basically showing the middle finger to America.
Apple Direct Workers
USA – 50,250
Overseas – 29,750
Apple Contract Workers
Majority Overseas – 700,000
(mostly low-wage, exploitative jobs)
* Source: Apple, NYT, SearchIndia.com analysis
While Apple has made huge piles of money over the last decade, its workers in China and the application developers have benefited little from the company’s success.
Several exploited Chinese workers slaving on Apple’s products have killed themselves.
Also, the majority of software developers for the iOS or the OS/X platform make very little or no money.
Today, tens of millions of Americans are jobless and struggling because exploiting corporations like Apple have turned their back on America.
There is some poetic justice in Steve Jobs’ suffering toward the end of his life and the early tumble into the grave.