When Henry Ford invented the Model T, he revolutionized manufacturing and in the process created tons of high-paying jobs for ordinary people. His wealth was shared.
When Steve Jobs and Apple invented the iPhone, they outsourced its manufacturing to Foxconn, a company that runs assembly lines in China. Aside from a few jobs at company headquarters and some sales and service positions at retail stores, the jobs are all overseas. The vast majority of the profits from the sales of Apple and other companies like it are going to the wealthy people who own Apple stock and a few extremely well-paid executives.
Jon Stewart details how life without “burdensome” regulations, “frivolous” lawsuits and labor unions means Chinese workers suffer so U.S. companies can build their products cheaper and accumulate more profits. Stewart’s investigative segment makes us all ask whether it is worth these inhumane conditions so we can get the next gadget for a few dollars less, or to pad the pockets of the wealthy a little more.
|The Daily Show With Jon Stewart||Mon – Thurs 11p / 10c|