Question

In: Economics

1.what is your comment and thought for this paragraph ? Can we agree that money is...

1.what is your comment and thought for this paragraph ?

Can we agree that money is important?

Absolutely, we all can agree with moneys importance in our lives. Money brings security, allowing you to protect your family and yourself. You can build a better life and help give back to your community, also helping you worry less about financial issues. Money has been a big factor in my life, I had to take on a big responsibility at such a young age due to having a child at only 18 years old. Without money I wouldn't be able to pay rent, bills, insurance, car payments, food, and providing care for my child. Working long hours in order to make a certain amount at the end of the month is a struggle for many of us. I strongly believe we are underpaid for the amount of work and long hours we put in for our jobs, but at the same time after watching these two videos I feel like we have it better than so many people around the world. There is so many people in different countries getting paid so little for all the long hours and labor, earning only $400 dollars a month while some of us make $400 in a day, a week, or even two weeks. This all comes down to inhumane actions coming from government.

5 items of clothing from closet:

Hoodies (China)

Tights (US)

T-shirts (China)

Jeans (US)

My favorite clothing brands are usually H&M, Target, Banana Republic, Champion, Pink (Victoria Secret), and some small local businesses. I do not condone sweatshop labor, I believe this is inhumane and unsafe for people to be in such working conditions. The workers who make or sell my favorite products make a living by getting paid hourly wages. This does not affect me only because these people are not in hazardous factories, or getting underpaid for their labor. After watching and understanding where these products really come from it seems to open up your eyes and you learn so much information that you didn't know before. People should do research on all products that they purpose and make sure they are not supporting a company that treats their hard working employees unfairly and unsafe.

Solutions

Expert Solution

The question that whether money is important and the outcome about the unfair and unsafe working conditions of labour though is related but the relation is not quite smoothly put into words.

The stress on the importance of money and difficulty in earning it has been well established in the first para. But the transition of being able to hardly meet ends to the talk about clothing others was rather abrupt and could have been more smooth.

The corporations are exploiting labour in the third world countries or under developed countries by offering them very low wages and poor working conditions just to maximise their profit. The producers need to change this. A major driver to change can be the consumer in this case who by the power of demand can make the organisations alter their strategy. By not supporting companies in terms of refusing to buy their product is a good idea to force the company to change its ways in order to be accepted by the customer.


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