Looks like Standpoint Research, whoever they are, threw in the towel on waiting for the “soft dollar” tsunami to wash over its hard-hitting operations, and decided to make headlines the old-fashioned way – with what is an early contender in the category for “dumbest research note of the year”, this one bashing Apple because, get this, it is profitable.
“For Apple Computers to pay their workers $2 an hour while they have $150 billion in the bank is nothing short of obscene. They have workers who are doing back-breaking and eye-burning work in depressed states of mind and in many instances have already committed suicide. Instead of treating their employees like human beings, they are treated like animals. If it were not for their employees, Apple would not be where it is today. But instead of giving these people a better life, they give these people the bare minimum and defend this action with the argument that the wage is higher than the average there and in-line with what their competitors are paying.”
Uhm, because it’s “unfair?” In other words, after looking under every nook and cranny, Standpoint “Research” finally discovered capitalism. Congratulations.
H/t streetinsider
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/KIIqzHTSgtQ/story01.htm Tyler Durden