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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

March 30, 2012 at 10:10 AM

Vote: Will Apple’s labor reforms mean a breakthrough?

After the investigative journalism of the New York Times revealed the sweat-shop conditions in China that go into making Apple’s super-cool products, Apple engaged the Fair Labor Association to do an independent audit. CEO Tim Cook also visited a Foxconn assembly line in Zhengzhou this week. The audit confirmed major violations of labor law. There’s a reason Foxconn has been plagued by suicides.

Now Apple and Foxconn (which also does work for Amazon.com and others) are pledging to do better. Among the reforms: Better wages and working conditions. What do you think?

Reforms at Foxconn

Read on for the best links of the week and the haiku:

The Week’s Links:

  • Is eurozone austerity self-defeating, or is it all Germany’s fault? || Mainly Macro
  • Killing Pell grants: What are we doing? || Jared Bernstein
  • Older women struggle to make ends meet || NYT Economix
  • Obama, gas prices and climate change || The New Yorker
  • One big chart: There is no Social Security crisis || The Atlantic
  • A rational reason for high oil prices || Econbrowser
  • Demand, not supply, is restraining the recovery || CBS News
  • In tough times young adults are choosing cool cities || Ad Week
  • Now is the key time to invest in infrastructure || Treasury Notes
  • How (and why) banks increased total outstanding derivatives to record || Zero Hedge
  • Google, Amazon and Microsoft swarm China for network gear || Wired
  • Era of big-box retail dominance is coming to an end || Bloomberg
  • Student debt: The new home equity loan || BusinessWeek

    Today’s Econ Haiku:

    Northwestern vistas

    Mountains, rivers, sound and sea

    Plus a big coal port

  • Comments | More in Apple

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