wages

wages

California Man Sues BMW For Persistent Erection

www.businessinsider.com
We didn't write that headline. We also didn't write the story below--CBS did. So don't blame us. And don't try to tell us this isn't a business story. Of course it is. BMW may have to pay some guy a settlement because he says his BMW motorcycle has given him...
California Man Sues BMW For Persistent Erection

CHART OF THE DAY: What If Apple Transferred $1 Billion In Profits To Foxconn Workers? (AAPL)

www.businessinsider.com
We saw this chart from Nic Musolino at ninety9, via Yves Smith at Naked Capitalism. It shows what would happen if Apple were to transfer $1 billion in profits to all Foxconn employees. As you can see, the average wage of a Foxconn worker would double, while Apple's profits...
CHART OF THE DAY: What If Apple Transferred $1 Billion In Profits To Foxconn Workers? (AAPL)

Facebook Executives Set for Large Bonuses

online.wsj.com
Mark Zuckerberg and Sheryl Sandberg, Facebook's top two executives, are in line for target bonuses of 45% of their salary plus other base wages, according to a federal filing....
Facebook Executives Set for Large Bonuses

LG Optimus 3D Max wages dual-core war in benchmark tests

www.engadget.com
A mere day has passed since we stumbled upon initial benchmarks for the Optimus 4X HD, and now, yet another LG smartphone has tossed its hat into the arena. In the Optimus 3D Max's arsenal is a dual-core 1.2GHz CPU, which is part of the TI OMAP 4430 SoC....
LG Optimus 3D Max wages dual-core war in benchmark tests

VIDEO: Long hours for China's iPad makers

www.bbc.co.uk
Workers who make iPad parts in one factory in China say that low wages mean they have little choice but to work excessively long hours....
VIDEO: Long hours for China's iPad makers

Transcript: Apple CEO Tim Cook at Goldman Sachs

tech.fortune.cnn.com
Forty five minutes with the man who took over from Steve Jobs Tim Cook For those of you who missed Tim Cook's keynote presentation at the Goldman Sachs Technology and Internet Conference in San Francisco Tuesday, the audio is still available in QuickTime on Apple's (AAPL) website here. For those...
Transcript: Apple CEO Tim Cook at Goldman Sachs
The unedited Q&A: Apple retail employees respond to NYT’s profile, share life from inside the Apple Store

ADAM SMITH: Our Record-High Profit Margins Are A Sign The U.S. Is "Going To Ruin"

www.businessinsider.com
Last week, we pointed out one of the defining characteristics of our imbalanced economy: Corporate profit margins just hit a record-high Wages just hit a record-low The juxtaposition of these two facts perfectly illustrates the fundamental problem with the U.S. economy. What's the fundamental problem? The fundamental problem is that...
ADAM SMITH: Our Record-High Profit Margins Are A Sign The U.S. Is "Going To Ruin"

This Billionaire Venture Capitalist Gave A TED Talk Saying Rich People Don't Create Jobs — And TED Is Refusing To Post It

www.businessinsider.com
As the war over income inequality wages on, billionaire Seattle entrepreneur Nick Hanauer has been raising the hackles of his fellow 1-percenters, espousing the contrarian argument that rich people don't actually create jobs.  The position is controversial — so much so that TED is refusing to post a talk that Hanauer...
This Billionaire Venture Capitalist Gave A TED Talk Saying Rich People Don't Create Jobs — And TED Is Refusing To Post It

Apple to Contribute Toward Costs of Improving Working Conditions at Foxconn Facilities

www.macrumors.com
Reuters reports on comments from Foxconn chief Terry Gou, who claims that Apple and Foxconn will be splitting the initial costs to improve working conditions at Foxconn's facilities in China."We've discovered that this (improving factory conditions) is not a cost. It is a competitive strength," Gou told reporters on Thursday...
Apple to Contribute Toward Costs of Improving Working Conditions at Foxconn Facilities

Game appoints administrators but PwC pins hopes on sell-off

www.guardian.co.uk
PwC's Mike Jervis said they were 'hopeful' that a buyer could be found for the chain which has nearly 6,000 UK staff 600 UK storesVideo games specialist Game has officially entered administration with the appointment of PwC ahead of a swift restructuring that is expected to result in heavy job...
Game appoints administrators but PwC pins hopes on sell-off

Apple and Foxconn agree to drastically improve working conditions following Fair Labor Association report

www.engadget.com
The Fair Labor Association has released its findings from the lengthy investigation of working conditions at Foxconn's Chinese plants where Apple products are made. While the PR and report largely avoid over the top rhetoric and direct condemnations of the companies, they hardly paint a rosy picture either. The...
Apple and Foxconn agree to drastically improve working conditions following Fair Labor Association report

Like Apple, IBM doing its own thing

gigaom.com
Steve Lohr, perhaps one of the most underrated tech writers at the New York Times, argued in a post Monday that IBM is no longer a tech bellwether. Instead it is an class of its own, much like Apple. This is the relevant bit in his article: I.B.M. is doing its...
Like Apple, IBM doing its own thing

HP and Dell say Foxconn wage rises may trigger price increases

thenextweb.com
With the spotlight firmly focused on Apple’s supply chain in Asia, where the FLA is currently assessing worker’s conditions, Foxconn gave its reputation a boost by last week awarding pay rises of 16-25 percent to its 1.2 million strong workforce in China. The move, which is the third such increase...
HP and Dell say Foxconn wage rises may trigger price increases

Apple: we take working conditions seriously

www.guardian.co.uk
Chief executive Tim Cook says Apple takes working conditions very seriously and fires any suppliers which knowingly hire underage staffApple chief executive Tim Cook has insisted that the company is committed to improving conditions for workers in its supply chain and eradicating underage labour.Speaking at a Goldman Sachs technology conference,...
Apple: we take working conditions seriously
Twitter's down ... and it has cost the economy $1 billion already?
An Interview With Rob Schmitz, The Reporter Who Fact-Checked Mike Daisey [TCTV]

Raises in Store at Apple

online.wsj.com
Apple has begun raising the wages of employees at its U.S. retail stores by as much as 25%....
Raises in Store at Apple

NatWest and RBS customers face another weekend without money

www.guardian.co.uk
Irate NatWest and RBS customers claim IT problem still not fixed, despite RBS claim that 99% of accounts now up to dateHundreds of NatWest and Royal Bank of Scotland branches will open with extended hours for a second weekend to tackle the ongoing problems faced by what appears to be...
NatWest and RBS customers face another weekend without money

China's Mobile Ad Market Is Surprisingly Tiny Due To 'Fake' Smartphone Usage

www.businessinsider.com
The mobile ad market in China is so small that if the top 10 ad networks there were combined they still might not be as big as the fifth largest network in the U.S. in terms of monetization power, according to Opera evp/consumer mobile Mahi de Silva. We chatted with...
China's Mobile Ad Market Is Surprisingly Tiny Due To 'Fake' Smartphone Usage

Apple Retail Store employees getting up to 25% raise, depending on market

thenextweb.com
Apple Retail Store employees may be getting a raise of up to 25 percent, after an internal report indicated wages as a common complaint. The initial report came from a CNBC tweet but we have confirmed this independently. Soem retail employees got a raise last year of up to a dollar and those...
Apple Retail Store employees getting up to 25% raise, depending on market

Apple, Foxconn to share costs on working conditions

www.electronista.com
Apple and controversial Chinese manufacturing partner Foxconn are said to be sharing the costs on improving work conditions at its Chinese factories. According to Reuters, Foxconn boss Terry Gou has spoken out on the matter, although he did not place a dollar figure on the investment or exactly where the...
Apple, Foxconn to share costs on working conditions
Apple, Foxconn to share costs of improving factories

Apple retail workers get significant pay bumps up to 25% of current wages

www.appleinsider.com
Rumblings and unsubstantiated reports point to sizable pay raises for Apple retail workers, possibly the result of an internal company review that found wages to be a common complaint among Apple Store employees....
Apple retail workers get significant pay bumps up to 25% of current wages

Technology doesn't cause inequality - deliberate policy change does | Dean Baker

www.guardian.co.uk
The 1% likes to blame technological innovation for income redistribution but calculated policy changes are at faultThe people who have been the winners in the massive upward redistribution of income over the last three decades have a happy story that they like to tell themselves and the rest of us:...
Technology doesn't cause inequality - deliberate policy change does | Dean Baker

Follow-Up: Nokia's Odd Innovation Problem May Be Microsoft

www.fastcompany.com
Microsoft is trying a bunch of tricks to boost its new smartphone business. It must be frustrating for Nokia.A recent Reuters article says that Microsoft is in a Catch-22 because it needs to attract developers to its Windows Phone platform if it's to stand a chance against Apple and Google,...
Follow-Up: Nokia's Odd Innovation Problem May Be Microsoft

Rumored Fujitsu, Renesas, and Panasonic LSI merger comes at a challenging time in Japanese tech

www.theverge.com
What’s an electronics company supposed to do when its home country gets hit by a catastrophic natural disaster, unfriendly exchange rates, high wages, and increased competition from abroad? Renesas, Fujitsu, and Panasonic are thinking about merging their LSI chip businesses, reports the Nikkei Shimbun — the latest in a...
Rumored Fujitsu, Renesas, and Panasonic LSI merger comes at a challenging time in Japanese tech

Briefly: iPad refunds; HonHai raising wages; Nokia Lumia estimates

www.appleinsider.com
Apple has begun emailing customers in Australia with an offer to return LTE-capable third-generation iPads by April 25 if they expected the tablet to work on local 4G networks. Also, Apple partner Foxconn's parent company Hon Hai has announced plans to raise wages at its headquarters in Taiwan, and analysts...
Briefly: iPad refunds; HonHai raising wages; Nokia Lumia estimates
The U.S. Needs to Make More Jobs More Creative

Foxconn Says Another Worker Committed Suicide

www.businessinsider.com
Foxconn Technology Group, the main supplier of Apple Inc, said on Thursday a worker at a Chinese plant jumped from his apartment on Wednesday, the first suicide since the company agreed with its U.S. client to improve work conditions. The 23 year-old worker fell to his death from his apartment...
Foxconn Says Another Worker Committed Suicide
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