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...
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...
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....
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....
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....
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...
The unedited Q&A: Apple retail employees respond to NYT’s profile, share life from inside the Apple Store
9to5mac.com
Apple retail employees cheering ahead of third-generation iPad launch (SJMN) Over the weekend, The New York Times profiled Apple’s retail operations and controversially touched upon Apple’s retail employees. The profile put out a simple, yet controversial, statement about the wages given to those who act as ushers for turning people...
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...
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...
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...
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...
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...
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,...
Twitter's down ... and it has cost the economy $1 billion already?
venturebeat.com
Twitter is down right now — hard down. The site is unresponsive, and DownForEveryoneOrJustMe says it’s down for you as well as yours truly. Twitter’s site status page confirms the issue, saying simply: “Users may be experiencing issues accessing Twitter. Our engineers are currently working to resolve the issue.” Visiting...
An Interview With Rob Schmitz, The Reporter Who Fact-Checked Mike Daisey [TCTV]
techcrunch.com
Rob Schmitz is a reporter and Marketplace Correspondent based in Shanghai, China. He has spent time in many factories – as well as a bit of time outside of the Foxconn factory in Shenzhen, the same factory fabulist Mike Daisey interviewed workers he purported were 12 and 13 years...
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%....
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...
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...
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, 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 of improving factories
9to5mac.com
Apple plans to improve work conditions at its iPhone and iPad-assembling Chinese factories, and Foxconn executives announced today that it would share the initial price of that venture with the Cupertino, Calif.-based Company. According to Reuters: “Foxconn chief Terry Gou did not give a figure for the costs, but the...
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....
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:...
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,...
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...
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...
The U.S. Needs to Make More Jobs More Creative
www.wired.com
In order to tackle its competitiveness challenges, America needs to harness the inherent creativity of its workforce. It is making progress in the right direction but needs to push the pace. Michael Porter has done us all a service in identifying that the wealth of modern economies comes from...
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...
×
Just a test of the new info bar. What do you think?