Improvements require a certain amount of economic cost and Apple has up to $233 billion USD in cash reserves. Therefore, they have the ability to improve labor rights. Executive Director of China Labor Watch, Li Qiang states: "Currently, Apple is hindering the improvement of labor conditions within the whole smartphone industry. Apple alone claimed more than 90% of the smartphone industry's aggregate profits, while a majority of other firms were operating at a loss. If Apple does not take on responsibility commensurate with its status, other companies will not have the ability to make improvements either."
Through comparing Apple's profits with workers' wages, our investigation reveals that Apple is the real source behind the issues surrounding the mistreatment of Chinese workers.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-labor-watch-says-apple-makes-big-profits-but-chinese-workers-wage-are-on-the-slide-300318336.html
SOURCE China Labor Watch