June 28, 2013
SOME JOBS EVEN SWEATSHOP WORKERS WON'T DO:
Nike to tackle rising Asian labour costs (Barney Jopson, 6/27/13, Financial Times)
Nike is to tackle rising labour costs at its Asian factories by "engineering the labour out" of its shoe and clothing production as it seeks to defend its profits.Don Blair, Nike's chief financial officer, said its objective was to reduce the number of people making its products as he highlighted the impact of a sharp increase in wages in Indonesia.
The modern economic reality is that it takes ever less work to create ever more wealth.
Posted by Orrin Judd at June 28, 2013 6:25 PM
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