Apple Has Destroyed 490,000 American Jobs
Business Insider— After taking heat for shipping jobs to China and contracting to employers with questionable labor conditions, Apple (rather publicly) took credit for creating more than half a million jobs in the U.S.
514,000 to be exact.
That figure included nearly 50,000 employees in its retail network and its corporate headquarters, where products are designed.
But it also included FedEx and UPS employees who deliver its products and employees at Corning who make glass for iPads and iPhones.
So Apple basically counts anyone vaguely associated with the company or its products as a job that Apple created.
But what about the competitors Apple has bumped off in its relentless move to the top? What about the once-profitable markets, products, and companies it has destroyed? What happened to those jobs?
Business Insider analyzed data on Bloomberg, went through dozens of 10-Ks, and read through layoff announcements to see how Apple’s peers have done.
What we found:
Apple has destroyed nearly as many jobs as it helped create, eliminating some 490,570 positions.