Families and individuals working in low-wage jobs make insufficient income to meet minimum standards given the local cost of living. We developed a living wage calculator to estimate the cost of living in your community or region based on typical expenses. The tool helps individuals, communities, and employers determine a local wage rate that allows residents to meet minimum standards of living.
It all centers on Zhengzhou, a city of six million people in an impoverished region of China. Running at full tilt, the factory here, owned and operated by Apple’s manufacturing partner Foxconn, can produce 500,000 iPhones a day. Locals now refer to Zhengzhou as “iPhone City.”
A 32-gigabyte iPhone 7 costs an estimated $400 to produce. It retails for roughly $649 in the United States, with Apple taking a piece of the difference as profit. The result: Apple manages to earn 90 percent of the profits in the smartphone industry worldwide, even though it accounts for only 12 percent of the sales, according to Strategy Analytics, a research firm.
They file steadily into dozens of factory sites, spread out across 2.2 square miles. At the peak, some 350,000 workers assemble, test and package iPhones — up to 350 a minute.
Apple’s labor force, the size of a national army, relies heavily on the generosity of the Zhengzhou government.
As part of its deal with Foxconn, the state recruits, trains and houses employees. Provincial officials call townships and villages to ask for help finding potential worker
Last month, in its second round of layoffs in as many years, comedy hub Funny or Die reportedly eliminated its entire editorial team following a trend of comedy websites scaling back, shutting down, or restructuring their business model away from original online content.
Hours after CEO Mike Farah delivered the news via an internal memo, Matt Klinman took to Twitter, writing, “Mark Zuckerberg just walked into Funny or Die and laid off all my friends.” It was a strong sentiment for the longtime comedy creator, who started out at UCB and The Onion before launching Pitch, the Funny or Die-incubated joke-writing app, in 2017.
But Klinman explained in a thread: “There is simply no money in making comedy online anymore. Facebook has completely destroyed independent digital comedy and we need to fucking talk about it.”
Article on Splitsider. (long)
A Close-Up Look At Contract Workers
January 22, 2018 • An NPR/Marist poll sheds light on a fast-growing workforce sector: contract workers. One out of every five jobs is held by a contract worker. While many enjoy the flexibility, the jobs are unsteady.
Are we in another bubble? I remember 2008. I see a lot of places for rent and for sale that I don’t see a lot of people being able to afford. Maybe I’m not getting it.
Here’s how it looks in Somerville, Massachusetts.
For a century and more, Somerville was a working-class neighborhood bordering Cambridge. The city is still populated with a dense mix of blue-collar workers and recent immigrants, all living in together in red-brick and clapboard three-decker housing. It also provided many affordable, off-campus rooms and apartments to Tufts, Harvard, and MIT students as well as artists, writers, and radicals. Today, it’s dealing with the aftershocks of a boom in biotech and the knowledge economy that’s now rippling out from post-rent-control Cambridge. That bloom of wealth and demand is pushing premium jobs and rocketing rents into neighboring Somerville, a place where suddenly everybody wants to live and a lot of proud residents can no longer afford.