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eligri97

Profits need to outweigh inflation and safer investments expected gain. 43B$ for apple on a 2.08T$ company value is pretty bad % gain for a somewhat risky tech venture. At that rate they should just liquidate and sell all assets, and invest into something safer. Enjoy that 0$ wage.

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dsafbf3444

but let's be honest. Most of these workers are also not deserving this wage. unskilled/uneducated workforce working the most easy jobs can't get 40/h- if you do that, what do you want to pay engineers? and highly trained professionals? oh, why not make it just 300/h right? yeah that's how businesses work.

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fnordfnord

Upper management be like:

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wayofthesalumi

Americans' grasp on economics is staggering. We need work camps

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blissinves

sounds great in theory but the whole problem with all the raise wage stuff is you have to account for the fact human beings are trash. If all wages did get raised motherfckers would just raise the cost of sht like a loaf of bread to 10 bucks and there would be no difference. Just sorting out one side of the equation is never going to fix anything.

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mrcoolhwip

Although I am all for higher wages, I always remind people that some (not all, but some) companies invest insane amounts of money in R&D and not everything you know about makes it to the market. I once worked for a medical device manufacturer that spent close to 700 million and 5 years developing something that got scrapped in the end. Company switched directions and it was business as usual on the next project. Aint easy to assume that cost.

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carolusrex1697

3 billion in profit is nothing for a company worth 70 billion. You obviously don’t know how much it cost to pay engineers for research and development of new equipment . Or how much it cost to have people build and test that new equipment. Etc, etc, etc.

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anon80085

if everyone gets more money, things get expensive, money loses value. Its better to provide better benefits rather than cash.

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distorted_pinky

Just because a company like Apple can raise everyone with 140$ an hour doesn't mean they should. Because it fucks up the job market and salary expectancy. Why would I work as a salesman at another store at ~18$/h when Apple down the street is paying ~158$/h.

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anarchist101

Tell me you dont understand economics in one picture...

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