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Apple Says It Will 'Contribute' $350 Billion in the US Economy Over the Next 5 Years (cnbc.com)
Apple said on Wednesday it will invest $350 billion in the U.S. economy over the next five years, touting the creation of 20,000 new jobs and a new campus thanks, in part, to the prospect of tax reform. From a report: The company said it expects tax repatriation payments of about $38 billion, indicating that it will bring a portion of its $250 billion overseas cash back to the U.S. As of November, the company had $268.9 billion in cash, both domestically and overseas. The job creation will focus on direct employment, but also suppliers and its app business, which it had already planned to grow substantially. "We have a deep sense of responsibility to give back to our country and the people who help make our success possible," chief executive Tim Cook said in a statement.
There are a few factors.
First there is the multiply by 12 rule. Where every dollar spent, will be Multiplied by 12 benefit to the economy.
So that brings it down to 1.46 Million per person being spent. Then this is over 5 years so we get 292 thousand a year. Roughly 1/3 spent goes to benefits outside of ones salary, so that bring $194 Thousand per year on average per employee in raw salary. Which is still on the high side, and I bet Apple is calculating some other bogus numbers such as community starting businesses such as restaurants and stores to accommodate these people.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
Who cares about "illegal"? This is Apple. They claim to be good global citizens. Meanwhile they are using slave labor to build their products and actively trying to avoid paying taxes. So they need to drop the whole SJW, good company act. Hypocrites.
Slave labor? People aren't forced to work at FoxConn. Surely work conditions suck, but that doesn't mean people are held by chains without pay. They get paid, substantially more than what they would make back at the village, and many actually see it as a opportunity to climb up (which they do) as opposed to the many people we have here that do nothing to learn new skills and keep dreaming about having those level-pulling 9-5 jobs that are forever gone.
These workers are actually not the poorest from their village. Educationally they are the cream top from Rural China, and go there to climb up, not to escape rampant poverty.
I suggest you read "Factory Girls: From Village to City in a Changing China" by Leslie T. Chang. Obviously we want those workers to have better conditions (which they are getting, incrementally). And there is no doubt there is injustice in the system (in particular sexism.)
But to call the slave workers is just idiotic, and it simply demeans the very workers that chose to try their luck in the factory lines.