Dividends Emerge in Pressing Apple Over Working Conditions in China
Posted in: Miscellaneous at 08/03/2012 16:50
The American sweatshop opposition movement was born the day we discovered how our Nikes were stitched together. Two decades later, we are discovering how our cherished iPhones are made, giving Apple a "Nike moment" of its own.
Worker suicides at Apple's main Chinese supplier, Foxconn, in 2010, followed by reports of forced overtime, child labor, minimum wage violations and unsafe working conditions at its suppliers, have contrasted with Apple's status as creator of hallowed devices and its spectacular $13 billion in profit -- 30 percent of sales -- in the first quarter.