Skip to main content

View Diary: Boston Globe Cites Daily Kos on Bain (150 comments)

Comment Preferences

  •  They get 75% more profit? Something (3+ / 0-)
    Recommended by:
    KenBee, elwior, shaharazade

    like that in the article.

    "extreme concentration of income is incompatible with real democracy.... the truth is that the whole nature of our society is at stake." Paul Krugman

    by Gorette on Fri Jul 20, 2012 at 09:43:30 AM PDT

    [ Parent ]

    •  No, it's cut 75% of their labor costs. (8+ / 0-)
      "Incorporated in Singapore with its management offices in San Jose, Flextronics has factories worldwide. Its industrial parks, which house suppliers onsite, are concentrated in Brazil, China, Hungary, and Mexico. Workers earn from 70 cents per hour in China to $4.50 in Brazil…By manufacturing in low-cost regions, Flex can cut 75 percent of the price of labor."
      Which, of course, adds to profits, and lower costs sometimes.

      "extreme concentration of income is incompatible with real democracy.... the truth is that the whole nature of our society is at stake." Paul Krugman

      by Gorette on Fri Jul 20, 2012 at 09:50:13 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site