In short, if the Nokia expert is right about the low labor cost component in its products, Apple could easily raise its prices to pay those Foxconn workers a higher wage without losing market share or its gross margin.
Aside from the retailer's gross margin of 35%, the biggest component of cost is labor: Even when a Mille is 99% completed, the tiniest flaw can cause it to be rejected.
Crowdsourced labor usually involves breaking a project into tiny component tasks and farming those tasks out to the general public by posting the requests on a website.
George also opined that the salvage value of the component materials of the house was minimal and would be offset by the labor cost of hauling them away.
According to gurgaonworkernews.com, a Web site that documents labor issues in Gurgaon-Manesar-Faridabad industrial areas, there are 192 automobile companies and component makers in the belt that are partly or fully owned by foreigners.