Longtime Apple critic gives credit where credit is due

Photo of Steven M. Peters
By Steven M. Peters Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Tim Culpan was turned by Apple’s 2019 Supplier Responsibility Report.

From Bloomberg’s Apple Deserves Kudos for Doing Right by Workers:

I’ve been quite harsh toward Apple Inc. for a long time. Having covered the company for close to 15 years, first as a reporter and now a columnist, I’ve spent much time researching and writing about its supply chain and the myriad problems within.

Today, though, it’s time to give credit where it’s due.

Two of my major beefs with Apple relate to the issues of bonded and underage labor. In the first instance, employees working for the iPhone maker’s suppliers are required to pay upfront fees just to secure a job. This money is usually paid to recruitment agencies. The second is self-explanatory.

Both problems have almost been stamped out. According to the company’s annual Supplier Responsibility Report, just two cases of bonded labor were found last year, involving 287 employees. That’s too many, to be sure, but it’s incredible progress compared with two years ago, when 10 violations were uncovered. By employee numbers, it’s an 82 percent improvement from last year alone.

As for underage labor, just one case was uncovered, versus three a year prior. While even one is too many, cases of juveniles slipping into supplier factories are often a result of employees themselves faking documentation.

My take: This doesn’t happen often enough.

CAVEAT: Found at the bottom of the page…

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

[apple-subscribe]

Photo of Steven M. Peters
About the Author Steven M. Peters →

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618