A lot of comments here are criticizing Apple for chasing cheap labor. Ignoring for a second the fact that this has a lot more to do with geopolitics and hedging geopolitical risk, I think it's important to think more carefully about the impact of companies investing in developing economies. By and large, the factory work done by people in developing economies is dramatically better in terms of quality of life and saf…
I think many of us would be more supportive of outsourcing manufacturing to developing countries if their government aligned more with Western ideals. The fact is many countries, like Vietnam, are still "developing" because they have authoritarian governments that have been oppressing their population to some extent keeping their labor cheap while stunting their economic potential. We see the problems with this situa…
to think labor being cheap is the work of the communist party is pretty ridiculous. Authoritarian or not, no government benefits from their citizens being poor (capitalism does). The problem with authoritarian governments is that they are incapable of raising income, not that they do that by intent.