Foxconn fined by Taiwan for unauthorized Chinese investments

in foxconn •  2 years ago 

20230128_191652.jpg

Foxconn is perhaps Taiwan's biggest company that helps manufacture 40% of the world's technology. Their largest venture is "iphone city" in [Shen Xen], China where over 350,000 workers live and work making apple products alone.

Each worker gets average of $330 monthly or $4000 yearly salary from Apple which is $500,000,000 for producing as much as 60~85% of iphones and apple products.

If apple were to lose low wage labor or some say "slave labour" they would have to pay $100,000 annually per worker in USA as example spending $135 billion on production. Apple makes $100 billion so such "ethical" changed will result in losses.

In 2022 most of iphones were made in India perhaps with the same "low wage labour" model.

Foxconn recently had huge controversy in iphone city as COVID-19 spread its way into and quarantines with lockdowns shutdown the factories. This graduated as revolts compared to earlier suicides and group suicides in 2010.

Charity begins in mi casa!
Donations of all cryptos always accepted ask me for my address for any other crypto I will peovide:

Bitcoin

bc1qytflk8gz5umluhxhf5pfq7q5qcym3unja3d9hq

Ethereum

0x42c11F246d443af5C1A9aFD856382aEF32439886

Litecoin

ltc1qh80nalyrunyvrsvw6mpe2tzn4pt0s4lycprewy

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!