Apple has released its 9th major annual audit to show that labor conditions are improving year by year, particularly in light of their record $18B profit last quarter.
Stephen Engle of Bloomberg discusses the controversial past of Apple’s labor conditions. Apple wants to ensure that the new generation of phones were not made by way of child labor or unsafe conditions and were not made using materials from conflict regions.
Now, Apple is banning “bonded servitude” at supplier factories, in which a worker is required to pay high fees—upwards of one months’ wages—to job recruiters. Instead, Apple is requiring the factories to pay the fees so the new workers are not in debt when they begin the new job.
Apple is also cracking down on excessive overtime. In the past, some factory workers were putting in over 80 hours a week, and Apple has now cut this down to 60 hours.
Video source: Bloomberg News