Clyde Prestowitz for CNN:
As a business, Apple has a right to fear that moving the assembly work from China to the United States will entail raising labor costs so high as to make the company less competitive and profitable. But for it to say that it has no obligation to help solve America’s problems is completely unacceptable.
The problems in the U.S. economy are not for Apple to resolve. They pay taxes — I’m sure they pay a lot of taxes — and they employ tens of thousands of Americans in high paying jobs.
Apple is not a charity, nor should it make business decisions based on a country’s needs or wants. Apple has one financial responsibility — to make money for its shareholders.
Instead of giving trillions in bailout money to companies that have been mismanaged, why not use that money to make doing business in America more attractive.