How Apple And Other Companies Can Fight Racism And Economic Injustice

Apple CEO Tim Cook made a number of promises today about fighting racism. Apple is not the only corporation recently to make such promises. One of the promises he made is to donate to organizations that challenge racial injustice.

Giving to organizations looks good on paper, but it will accomplish little more than enriching the pockets of a few while making donors feel good.

People need jobs. They need well paying jobs where they can afford to take care of their families, buy homes, eat well, have proper health insurance, and so forth.

Apple executives and upper management earn fortunes. Apple, like a lot of American corporations, relies upon low waged workers.

Executive compensation in the United States is out of control and disgraceful.

Meanwhile, corporations like Apple rely on the cheap labor, poor safety and environmental standards of countries like China.

Instead of fluff, how about Apple moves its manufacturing into low income, impoverished communities in the United States where work is desperately needed. Skip the meaningless contributions to organizations, and provide people with actual well paying jobs.

In response to how higher labor costs will increase the prices of their devices, offset this by bringing executive compensation and upper management salaries back down to earth.

Regarding how stock prices may be affected and go down, an employed labor class finally able to buy shares of the companies where they work will offset the decline. Having a strong middle and working class is far more important than the present situation of inflated stock prices, low wages for most and excessive wages for a few.