Externalities That Are Not Calculated In The Cost Of Apple Products

This article describes some of the costs that manufacturing in China imposes on its workforce when it meets Apple's quick response to change goals. Consumers love Apple products and they are confused about how and where they are produced. Labor conditions in China are a lot like they were in the early stages of industrialization in many other countries. At present, however, they make it possible for companies like Apple to satisfy consumers with excellent products that can be sold at lower prices than if they were made in developed countries with higher labor standards. Poor labor standards are an externality imposed upon workers that are not calculated in Apple's production costs.