Apple Pledges $1 Billion Toward Creating Manufacturing Jobs In US (cnbc.com)
Apple announced today plans to create a $1 billion fund to promote creation of advanced manufacturing jobs in the U.S. Cook told CNBC in an interview that Apple will announce the first investment later in May. CNBC reports: "By doing that, we can be the ripple in the pond. Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them," the CEO said. Apple has already created two million jobs in the United States, and Cook showed no signs of shrinking the tech giant's reach. "A lot of people ask me, 'Do you think it's a company's job to create jobs?' and my response is [that] a company should have values because a company is a collection of people. And people should have values, so by extension, a company should. And one of the things you do is give back," Cook said. "So how do you give back? We give back through our work in the environment, in running the company on renewable energy. We give back in job creation."
Apple is talking to us like we're stupid, nothing new here. Those $Bs of jobs will go poof as soon as the Qualcomm battle is over.
Slashdot readers will do everything possible to avoid giving credit to President Trump for getting Apple to do this. Whenever a business pledges to bring jobs back to the United States, just about everyone here spins, deflects, and posts fake news to avoid admitting that President Trump won yet again. It's really quite pathetic how partisan the left has become. Undoubtedly, I'll get modded down to -1 for pointing out these facts by leftists who want to avoid the truth. President Trump is winning yet again and this is excellent news for all of us.
- snruter rotsac
Today: Apple announces more manufacturing jobs.
Tomorrow: Congratulatory tweet from Trump implicitly taking credit.
Day after: Apple is suddenly uncool, all the liberals and hipsters trash their iToys, and the cult finally dissolves.
Two wins for the price of one.
When I press the "older" button it just loops to the home page. Fuck that noise.
Most Apple products are the most difficult to recycle. By design.
Not to mention the wasteful packaging...
This issue is a bit more complicated than you think.
why cant everyone just hate apple, like smart people
Pay some folks 20-30k a year to maintain robots. Some lucky folks in management get to make 100k.
That's a lot of robots, but nothing compared to what they're doing in China.
1 billion USD is a large sum. Is it because they fear president Trump's wrath? Or is it part of a deal that involves bringing back tax-free some cash from offshore?
2 million jobs? So apple is claiming to be responsible for almost 1.5% of US employment? sounds like bullshit marketing speak to me
Part of what has made Apple successful in Asian manufacturing has been low wages coupled with conditions that favor the employer. Workers do not have overtime, do not have a lot of other protections. Some workers seem to essentially be prisoner to the company town, living on company grounds in company dormitories, shopping in company stores, eating in company cafeterias. That sort of thing is generally unacceptable in the United States.
American wages, even wages for manufacturing, are probably too high if the products are still priced roughly where they are now combined with the amount of manual labor used to individually assemble devices like phones and tablets. This means the alternative to all of this is automating as much manufacturing as possible. It may mean paying a manufacturing engineer a couple hundred thousand a year to work with designers to adapt designs to machine-manufacturable products, such that humans barely if at all touch the actual products being built- humans will be more likely to work on the factory itself, reconfiguring for new products or maintaining the machinery so that it keeps on producing units.
The effects of manufacturing will not be as strongly felt as they used to be. Sure some workers will still be employed at the factory, and arguably those employees might even be higher paid due to the technical work of maintaining the machinery, but the total number of workers won't be enough to support whole communities like it used to, and due to the technical nature of what work there is, the jobs are more likely to go to existing urban areas rather than rejuvenating rural towns. If the manufacturing was labor-intensive and unskilled then of course it would make sense to consider towns where wages could be lower, but that won't be as much a factor in this era.
Nevertheless I would like to see manufacturing come back; some jobs are better than no jobs, and higher paying jobs are good when the wages are fair for the kind of abilities the work requires.
We'll just have to see what happens.
Do not look into laser with remaining eye.
God bless Apple. You'll never see these type of things with the Android supply chain.
With $250B of Apple's cash offshore, Apple may be hoping this 'initiative' will prompt Trump to give companies like Apple a tax amnesty/cut on the offshore cash?
The savings could be in billions for Apple at expense of taxpayers. To put it in an another perspective, if they paid tax normally, the tax would have been $87.5B (@ 35%). You can see how $1B is a small investment to saving $87.5B.
If Apple would just pay their taxes and stop hiding money in foreign countries, this would be a moot point. They are of course not alone or entirely at fault for taking advantage of loopholes bought and paid for by corporations, but the point remains.
errr....umm...*whooosh* *whoosh* Is this thing on ?
As forecasted by Gnustidumbass, after Netcraft confirmed another bombshell in failing network performance between the Canadur Embassy networks correlating to alien deportations publicized on the main INS site, that USA is losing it's qualified labor force for pre-Fastfood manufacturing.
In a statement said by some as "salt rubbed in wounds", Apple CEO Steve Jobs was quoted from his sunday-dress-lined cremation Urn as saying he will invest and expand errNO he meant Embrace and Extend new manufacturing jobs in the true American spirit. Now coming next to every WellsFargo grocery-store minibank will be a mini-McDonalds to compete with the alliances of Starbux-Vons and GreenBurrito-CarlsJr establishments.
"Robots will cook the food in a commercial size of a vending machine, but it will be maintaned by a MAC-certified specialist" said Mr. Jobs.
blahblahblah
Make it a story when the check is delivered. Tim Cook's apple is a fucking joke.
How about giving back an actual pro laptop with something truly innovative, instead of that silly touch bar? How about giving back the MagSafe power adapter? How about giving back a laptop with a variety of useful ports?
How about giving back an honest-to-goodness pro desktop?
#DeleteChrome
towards us jobs kind of 'cheap'?
I'm not sure what their yearly profit is, but that doesn't seem like an appreciable sum for apple in any way, and far less than their tax liabilities.
But maybe that is just me.
... promote.
Part of the campaign strategy is to have people change their Facebook Profile picture to a silver ribbon with the Apple logo on it for promoting "Advanced Manufacturing Jobs in the U.S. Awareness Month."
It little behooves the best of us to comment on the rest of us.
How about Apple starts paying its fucking taxes instead of offshoring 99% of it to avoid giving back to the country that made it what it is.
Donald Trump still makes his shitty ties in China, moron. His shitty kids make their shitty products in China too. No sign of them bringing their manufacturing onshore...
Even worse, Donald Trump's presidency is owned by Vladimir Putin.
If it's just going to more Silicon Valley types, that means next to nothing.
If it's going to the Rest of Us, then that would be news.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
"Apple announced today plans to create a $1 billion fund to promote creation of advanced manufacturing jobs in the U.S. "
And I have plans to create a fund to promote creation of a plan to believe them, too.
...to offer to bring back a tiny, tiny fraction of the vast sum they've avoided paying a cent in taxes on so they can get some good PR and hope we ignore the rest of the money they've stolen from the US public. (And make no mistake, tax evasion is just another form of theft, with the victim being society.)
Stupid. Apple will build a near fully automated factory and employ 20 people.
Apple does most of its own manufacturing in Asia. If they really want to create manufacturing jobs in the US, how about just bringing some of their own manufacturing back to the US!
1 billion USD is a large sum. Is it because they fear president Trump's wrath?
It's because Apple has been trying out doing more manufacturing in the U.S. - as with the Mac Pro - and they would like to see more of this being possible.
If you want to think of Apple's reasons as being purely selfish (and many Slashdot Apple Haters can only think that way), then imagine they simply want a manufacturing environment were they have much better control over leaks.
Or a last way to look at it is, Johnny Ive has decided to redesign an entire state from scratch and needs somewhere he can drive to in his Aston Martin DB9 to oversee progress. Can't do that between California and China. Look out Nevada!
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Unless the jobs pay shit
How many of the 2M American jobs are held by H1B employees and how many are citizens?
They made their money by off-shoring. Pyrrhic victory at best. Hey Apple, too late and fuck you. It's like a rapist tossing a $10 bill on the bed afterwards.
Why don't they give some of their iPhones to poor black children?
They already have iPhones. In many poor communities the smartphone is the only way to access internet, and it comes bundled with the carrier contract.
According to a study by the Pew research institute, when it comes to internet access, "12 percent of African-Americans and 13 percent of Latinos are smartphone-reliant, compared with 4 percent of whites."
lucm, indeed.
Shut the fuck up about taxes already.
ReeeeeEEeeeE! reeee REEeeE!
"News Company made up primarily of PR analysts publishes PR Piece for large silicon valley company stating they are going to invest less than .5% of their annual revenue in manufacturing facilities in the country that they were founded in, does all of their R&D, and is by far their largest and most profitable market."
Yes, the OP should know full well that you are only allowed to turn stories into politicized tar pits when it portrays Trump in a bad light.
Everyone wants to believe Apple, but given that they just posted a poor quarter and going forward was not rosy either. Wasn't surprised they would come out with some ploy to spur on the love for Apple.
...to offer to bring back a tiny, tiny fraction of the vast sum they've avoided paying a cent in taxes on so they can get some good PR and hope we ignore the rest of the money they've stolen from the US public. (And make no mistake, tax evasion is just another form of theft, with the victim being society.)
I'm no fan of our current global tax system and the wealth distortions it has created. But going around trying to label companies/people legally minimising their tax 'thieves' is not much different from the RIAA moral police style anti-piracy campaigns. It's childish, and discredits serious arguments.
Firstly, almost every western country's tax system is based on self declaration. We don't have tax inspectors hovering over every transaction you make, with the big eye in the sky then sending you a bill at the end of the year. You go about your business, and at the end of the year, you report to the government what tax you think you owe. In the vast majority of cases, the government does not challenge your assessment. It is an honesty based system (albeit with stiff penalties if you abuse it) and it tends to work pretty well. By claiming that all these billions or dollars are being stolen, you are insinuating that the integrity of the system has broken down. This is dangerous, because the next step then is to crack down on these phantom tax cheats, by doing things like banning cash, and having your bank account data fed directly to the IRS. Obviously this would have no impact on what Apple and Google etc are doing, because the IRS already knows what they are doing. All you have done is given the government a populous excuse to invade our lives further.
Secondly, company tax is nowhere near as big a moral issue as you think it is. Fiduciary duty means that a company is limited in its ability to live it up on income like an individual can (and perks like staff parties, corporate jets, are generally deductible anyway, so company tax is irrelevant). Net profits must ultimately be either distributed to shareholders or re-invested in productive activities. Saving them just delays this, but unless you save them forever, the company must ultimately 'consume' the profits by distribution to shareholders or investment.
If it re-invests the profits, then almost always it can claim the tax back over time through depreciation. In other words, it might earn $10000 of profit, pay $2000 of tax, spend the resulting $8000 to buy a machine, but over the next five years claim back $2000/5 in tax credits due to the depreciation of the capital asset. Ultimately the taxman gets no tax on the profits, but the company has to lend the taxman the tax for five years. For small and medium sized businesses trying to grow off cashflow, this is really stupid. If the machine they wanted cost $10000, then they would have to borrow $2000 to lend onward to the taxman for five years. Indeed, many small businesses have to do just this, which is why most countries have generous capital allowances to prevent such pointless cashflow disruption.
Alternately, if it distributes the profits to shareholders, the shareholders pay tax on the dividends against their individual income. You might notice a potential issue with this - distributed profits get taxed twice. A company could make the $10000 of profit, pay $2000 of tax, and then pays $8000 to a shareholder. The shareholder might then pay $2500 of tax on that, resulting in a net dividend of $5500 arriving in the shareholder's account. Of the $10000 the company made from a profit on selling widgets, barely half gets to the owners. People in partnerships (as opposed to limited companies) don't have this problem, which puts companies at a big disadvantage (even if you think such a punitive effective tax rate is okay). This is why almost every country has various tax credit systems or lower dividend tax rates to prevent this issue.
Now where I agree with you there is a problem is in the loopholes that develop when you start tryin
And who makes those robots?
Chinese-owned companies!
https://en.wikipedia.org/wiki/...
Out of the 250 billion we have stashed away out of reach of not only the US government but also our shareholders, we will magnanimously allow you to see 1/250th of it.
Seven puppies were harmed during the making of this post.
Oh, wait... there's a different dude to blame / credit now.
This excerpt says apple created 2 million jobs in the USA. this is BULLSHIT.
"The number of Apple jobs based in the U.S. has more than quadrupled over the past decade, from less than 10,000 employees in 2002 to more than 47,000 today."
You cannot claim to create a job unless you bloody well pay the wages. Go blow smoke up someone else's ass please.
Wasn't that same argument the basis of the infamous "Citizens United" decision, that corporations are collections of people, and that corporations have the same rights as individuals in many respects?
Interesting.
Ken
We don't have tax inspectors hovering over every transaction you make, with the big eye in the sky then sending you a bill at the end of the year. You go about your business, and at the end of the year, you report to the government what tax you think you owe. In the vast majority of cases, the government does not challenge your assessment.
Thanks
https://www.originalgraffix.com.au/
The problem is how to make it make sense to have a significant part of the supply chain in the US.
They need to pick a starting point.
Which product and top or bottom. (Final assembly, or some part of the supply chain.)
Moving final assembly for Iphone would be a nice statement.
But it would not be very significant unless it could provide an environment which pulls in parts of the supply chain.
Building a modern chip fab could be more significant.
But much harder.
Starting with $1B is 0.4% of their cash hoard, so they are not betting the company.
A modern chip fab is about 10X, still doable.
The question is finding a path that makes economic and strategic sense.
Not just a political deal where the cost of each job far exceeds the value from the worker's work.
We are talking about rebuilding the arsenal of democracy.
Eventually, it has to be real and self sustaining.
Not propped up with a government cash flow.
But also not held back with a non-competitive government tax.
I don't mind if manufacturing comes back to the US in the form of automated factories.
Those factories still need bodies to keep them going. Someone has to build the factory, network it, install the machines, and keep them going.
Also, someone is delivering raw materials to the factory, and someone is shipping finished goods away from the factory.
Those factories are also tax ratables that help offset the cost of police, fire, and public education.
If automation is an unavoidable trend, I'd rather it be here than there.
In our school's experience, Apple products have a very long useful life - far greater than other manufacturers of technology.
Most of our current fleet of iPads is over 5 years old. We also have around 4 MacBooks that are at the 7-8 year mark - and still going.
We are easily getting 30% longer life out of Apple products than we do other technology vendors.
That results in less stuff in the landfill - and that fact is frequently ignored by Apple's detractors.
Whenever a company talks about how theyre spending X amount to bring in X number of jobs. I always just assume theyre looking for free land and/or further tax abatements. Ive seen dozens of these programs here locally, none has ever resulted in any jobs. Why do people still fall for this crap?
Hey yknow what, just give me the land. I'll create at least one job with it when i have to mow the damn place. Which is more than Apple/Sprint/ATT/TW will ever do with it.... and I'll even pay taxes on it.
on $250 Billion dollars in cash you are hoarding...http://www.phonearena.com/news/Apple-to-report-on-Tuesday-that-it-currently-holds-250-billion-in-cash_id93610
'nuff said.
I'd love to see this. The timing is suspicious; now that regulations on non-renewable (long-term renewable - let's face it, sooner or later we'll be the fossil fuels) energies have been loosened by he-who-shall-not-be-named. Why weren't they bringing jobs back already? Is it because manufacturing with renewable energy is not financially or economically feasible? Tune in to find out. Large technology/manufacturing companies don't use solar/wind/hydro for most of their important operations for a reason.
Apple didn't think this "differ'nt" (tm) when Obamba was president.
Oh, this is just fucking dandy. It's not enough that the US voted a rambling side show carnival barker for a president, but now apparently his word-salad speeches have becoming in vogue and everyone else is starting to copy that style. When I tried to read the summary I thought I was having a stroke cause that quote bordered on nonsensical (and a perfect pattern copy of a typical Trump speech).
Not that I'm really all that surprised, since Trump has proven that bullshit word salad speeches actually work more effectively than honest communication.
Nice going America. I hope you're happy.
Pay your fucking taxes and stop hiding money in offshore tax havens.
Poor people have smartphones nowadays, but few of them have the most expensive smartphone on the market.