in the good ole days even before Standard Oil, fierce competition and W-2 (and IRS/SS in that matter), the reason behind owning any business was not to get rich or satisfy the board with higher dividend, but to give people job and ability to keep their families respected.
to me its a simple math: Apple produce stuff in China saving 40% of production costs, then sells its goods in America putting 40% profit margin on it. I smell greed, regardless if people accept to be ripped of or not.
I don't know of any such time. Which good ole days are you talking about? I think you're dreaming of a romantic past that never existed.
Don't blindly buy in to the cult of human selfishness.
So, you expect Apple to manufacture in the States, and then sell it to you without a margin (over production costs)... And how exactly are those poor Apple engineers and Apple Store Employees are supposed to make money?
If some day Apple manufactures iDevices in America, then an iPad would cost $799, or Apple would go out of business.
This is not to say I'd like Apple's partner (Foxconn) to enslave chinese workers so I could buy an iPad cheaper... I'd be happy if my iPad would be $549 (instead of $499) AND those workers were receiving more money for their hard work.
http://www.macrumors.com/2011/12/16/samsungs-new-texas-facto...
On a more cynical note, Apple's shareholders would not be happy if they could be making more profit by making it in China and selling it for $549. Another downsides to having shareholders run your company.
Apple has over $80 billion in cash. That's all left over after their employees have been paid. They could afford to manufacture their goods in a first-world country, sell their products at the same price, and still pay their employees the same rate.
I have thought that for years.
Entrepreneurs were always in it for the money. Even if you want to help humanity, you still have to be in it for the money, because otherwise you go broke and can't help humanity anymore, either.
I don't know the details but this is supposedly one of the issues he spoke about to Obama.