On Monday, January 4, 2016 at 10:31:17 PM UTC-5, Jon Elson wrote:
Joseph Gwinn wrote:

"Wages With Minimal Wiggle Room", Andy Puzder (CEO of CKE Restaurants),
WSJ page A13, 28 December 2015.

A useful datapoint in the ongoing debate on the minimum wage:

.http://www.wsj.com/articles/wages-with-minimal-wiggle-room-1451259371
The punch line is: "The per-employee profit at Apple is $407,000. For big
retailers, it's $6,300. No wonder Wal-Mart feels the pinch of its pay
increase."
Well, that's the difference between MAKING something, and merely SELLING
something made by somebody else.

But, I'm also guessing that the per employee figure does NOT include the
(many) thousands of people at FoxConn in China that are building Apple's
products.

Jon
What does Apple "make"? They just slap their brand on Chinese phones and collect the money. Much like Nike or many others.