Unformatted text preview: made overseas. I know the labor receives less than 5% of that price while I paid that high price. I know I could have walked away and bought a less expensive shirt like I do now but society has its way of judging. There are more products coming in than are going out and with more equal trading with overseas countries then we could have more jobs in America. In the Nike case (case15.1, pg. 411), there were many cases of abuse, sexual abuse, and numerous hours of forced overtime. It is that the labor cost involved in making one pair of Nike shoes is only $3, yet this may sell for $100 in the US. Another fact is that Nike isn’t helping the countries develop when they receive pressure from that country to move to another developing country....
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- Spring '11
- Macroeconomics, Human Development Index, Developed country, overseas contractors