This is a most excellent place for technology news and articles.
aka 0.03% of their reported profits for the 2023 fiscal year. This isn't even a slap on the hand or a penny found under the couch. This is a grain of sand on the beaches of a planet on the other side of the galaxy.
As has been said many times: Laws are made for everyday people like you and me, not for megacorps like Apple.
Would be fun to fine companies by percentage with increasing values for repeat offenses.
While we're at it it would be cool to peg CEO pay to the lowest position available so that if the CEO wants a raise everyone else gets a proportionate increase.
Cool, but tricky. It’d have the effect of simply contracting out loads of positions to sketchy labor companies
Which is why you include contracted, temporary, part-time and full-time workers. And/Or set limits on the number of contracted workers compared to full/part/temp time workers for the same position. Close the loop holes.
Close the loop holes
big business owns Congress, they'd just ~~bribe~~ lobby for new loopholes to exploit
peg CEO pay (...) CEO wants a raise
This sounds like you're talking about salary. This strategy would need to be tied to executive compensation.
Check out the wiki on how convoluted and fucked up executive compensation can get.
And peg politicians' pay to minimum wage.
That's how punitive damages are supposed to work, according to John Grisham
To put this into perspective, if you make $100k/y: this is $30
In other words: a joke
Edit: and full disclosure: I’m a full-blown Apple fan
For more perspective, you'd need to make $100k/y net income tax. As a random example, in North Carolina with state and federal taxes, not accounting for any deductions, that'd be about $142k/y.
Adding this because with personal salaries people typically see and think of the gross number.
This would be like issuing me a $1 fine for speeding; here's two dollars, now I'm really gonna speed.
The cost of doing business. At the expense of you and I
the US is so anti labor its a joke
Might as well just call it a fee rather than a fine or settlement.
Apple made $97 billion this year.
It will take them about 2 hours and 15 minutes to make that money back.
Penalties should be done in percentages, and not in actual dollar amounts.
Cool, cool.
Now do every other tech company
Unless they are forced to make a change, nothing will change.
