President Donald Trump on Friday demanded Apple and other smartphone makers like Samsung make their phones its in the United States or face a 25% tariff.
Average national income in India (2023, Statista): 170k INR ≈ 1996 USD
Average annual salary in USA (2023, Statista): 81359 USD
Yah they will happily eat the 25% when the labor they’re using is that exploited. They’re still making more money with the added taxes than if they used domestic production.
Also these stats are not accurate to the real worker’s experience, the general point stands though. Capital doesn’t give a fuck about paying living wages or taking care of anybody’s needs but their investors.
Yah they will happily eat the 25% when the labor they’re using is that exploited. They’re still making more money with the added taxes than if they used domestic production.
Also these stats are not accurate to the real worker’s experience, the general point stands though. Capital doesn’t give a fuck about paying living wages or taking care of anybody’s needs but their investors.