cookfoxconn2 120329 Foxconn employees might get well deserved raises

It goes without saying that “affordable” gizmos and gadgets often come at the expense of others, and the factories that churn out Apple products have received quite a bit of criticism for their working conditions and the lack of fair wages.

It goes without saying that “affordable” gizmos and gadgets often come at the expense of others, and the factories that churn out Apple products have received quite a bit of criticism for their working conditions and the lack of fair wages.

Apple is undoubtedly one of the most valued companies in the world, but that doesn’t mean the people laboring to make iPhones and iPads are reaping a lot from the company's huge bank account.  Financial reports indicate that Foxconn, the company employing most of the factory workers that make Apple products, is raking in the dough, and so is Apple.

Despite press releases regarding Apple’s and Foxconn’s effort to improve working conditions and wages factories throughout the Asian region, we’re still not sure if any of the improvements are of any significance.  However, there are reports indicating that Apple (along with HP and Sony) will start subsidizing wage increases for Foxconn workers. 

According to analysts, capital expenditure for Apple increased from USD $440 million in later half of 2011 to $2.1 billion in the first half of 2012.  How much of that increase will benefit Foxconn’s assembly line employees is unknown.

The Fair Labor Association purportedly audited the Foxconn factories and facilities, and found that the firm had committed hundreds of infractions that were detrimental to employees’ welfare.