Comment Re: Economic illiterate (Score 1) 278
So? What if that difference is $5 because it's only 6 min an iPhone?
Except it isn't. That might be Apple's share of the increase in the labour but all its component supplies will see an increase in the labour bill too so not only is Apple's labour bill higher so are the cost of the components that go into it and not only that but all the services and supplies Apple buys in that keep Apple's manufacturing and distribution going.