Apple quantifies job creation

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Monday, March 05, 2012

Apple claims to have created or supported 514,000 American jobs, spurring an economic debate.

The company’s employment practices have come under closer examination. Apple and other high-tech companies, including Internet companies, employ relatively few people compared with other stalwarts of American business, like General Motors and General Electric in their heyday.
Apple, which is now the world’s most valuable company, has created more jobs overseas, approximately 700,000 through a network of suppliers that make iPhones, iPads and other products.
The accuracy of the Apple jobs calculation in the United States may well be debated among economists for years. “Apple has a big effect, and big is about as precise as I can make it,” said Gary P. Pisano, a professor of business administration at Harvard Business School. “It’s hard to say the exact size.”

Read more at The New York Times.

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