Steve Jobs, Liar

“Over two decades the quintessential Chinese factory worker has gone from earning $50 a month assembling $100 sneakers to $300 or so a month, depending on overtime, assembling $300 or so smartphones. If a Foxconn worker — given the other opportunities in life and the current no-cell-phone policy on the factory floor — was going to splurge on a smartphone, the only reason he wouldn’t buy an iPhone is that Apple products are inevitably a ripoff, which is the not-so-dirty secret of 31.5 percent operating margins.

“Because when you work in a factory, brands lose a lot of mystique.”