Today's Fair Trade Update:Asian suppliers to Apple Inc have begun manufacturing a lower-priced version
(Reuters) - Asian suppliers to Apple Inc have begun manufacturing a lower-priced version of its hot-selling iPhone 4 with a smaller 8 gigabyte flash drive, according to two people with knowledge of the matter.
The flash drive for the 8GB iPhone 4 is being manufactured by a Korean company, one of the people said Tuesday, declining to name the company. Apple currently sources its flash drives from Japan’s Toshiba and South Korea’s Samsung Electronics.
The sources declined to be identified because the information has not been made public.
Apple, which demands high levels of secrecy and security from suppliers and employees, declined to comment. Samsung also declined to comment.
South Korea a fully developed Asian nation’s minimum wage is about HALF of those in the USA.
In Shenzen, China where the IPODs are made, min pay is less than $200/month.
No hourly minimums are even listed
Is this FAIR TRADE?
PS:
Martin Luther King memorial made in China
It is perhaps a fitting tribute to racial co-operation. However, the decision to outsource to China the carving of a new national memorial to Martin Luther King has raised eyebrows in the United States.
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