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:
Mountains, rivers, sound and sea
Plus a big coal port
| More in Apple
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