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AAPL - What's going on at AAPL's Chinese factory?
Employee falls (or jumps) out of 10th floor window at Foxconn in China, where AAPL's hipster gadgets are manufactured; this is the 10th death there this year: http://finance.yahoo.c...=
WTF?
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Sweatshops fuel emerging market growth. As an economy matures, and people see some of their countrymen getting rich off of their 14 hour workdays, eventually workers decide they won't put up with it anymore and demand reform. China is close to that point. If I had to work at Foxconn in China I'd probably jump too.
You know, something I was planning on blogging about:: my girlfriend came home with a wok and a pancake griddle thing you put on top of the stove -- both were made in the U.S., one in Ohio and the other in Minnesota, I think. There have to be lower margins in woks and pancake griddles than iPads, I would think. I wonder why, with the highest unemployment rate in a generation, there isn't any moral suasion brought to bear on Apple to build some of their stuff here.
There really isn't any reason why Apple can't build them here and still be profitable.