Another thing that differentiates Goldman from Apple is how much
it pays its employees. In 2010, Goldman’s 35,700 employees took
home an average of $430,700. Apple doesn’t publish much
information about its labor costs. According to the jobs Web site
Simply Hired, the average salary at Apple is $46,000. Another
Web site, Salary List, quotes a substantially higher
figure—$107,719—but that doesn’t appear to include people
working at Apple’s more than three hundred retail stores.
Whichever number is more accurate, the basic message is the same.
Apple employees earn a lot less than their counterparts at Goldman
despite the fact they generate a much higher return — private and
social — on the capital they use.
Time to ask for a raise if you work at Apple.