In: Economics
PLEASE read paragraphs and respond rather you agree or disagree! the answers are from the following questions 1. Do you believe that Nike has a responsibility to pay workers on foreign shores a living wage, in other words, should they JUST DO IT? 2. Are you willing to pay more for Nike products to make that happen? 3. Would you be willing to boycott Nike products if they continue to refuse to do so?
Your repond should be 200 words! thanks
1. I believe that Nike should pay workers on foreign shores a living wage. The company makes billions of dollars a year and a small decrease in profit will not hurt them. Every human being regardless where they are from or their economic status, should have their dignity intact. Nike pays millions of dollars to athletes to wear and market their brand. Why not pay workers in lower living wage workers if you have the money to spend on famous athletes? In the video, Michael Moore tries to convince the CEO of Nike, Phil Knight, to go to Indonesia and visit one of Nike’s factories. Phil refuses the offer because what he will see will not be pleasant.
2. I would not pay more money to Nike to make things happen. Nike pays famous athletes to wear their brand, then why should consumers pay more money to benefit those in lower wage countries? Nike makes billions of dollars in profits. Why not use part of those profits to benefits those employees? Instead of endorsing famous athletes, it’s best to use that money and increase the wages to those employees working in those horrible sweatshops.
Nike placed a code of conduct for their factories on how employees should be treated. When Michael Moore suggested for Phil Knight to visit one of factories, he declined. What makes you think that this code of conduct will be executed properly? Not even the CEO wanted to see his own factories. The CEO, executives, and upper management should make sure that all the factories and other branches follow through with their vision for the company. By starting from the top to the bottom, they can make that changes that are needed for a better workplace.
3. Nike isn't a brand that I currently purchase or would purchase in the future after reading and watching these videos. If people were to boycott this company, they will see more damages when it comes to the profits. It is evident that Nike is more interested in making more money for the company and its stockholders. Nike prefers to spend million of dollars in endorsements than helping their own employees.
1) Yes , I agree. The human factor is very important. Every business organization has a social responsibility. At least taking care of it's own workers is the minimum it can do. Nike is a sportswear giant. Yes marketing is important but the workers putting in hard work for the organization are important as well. When the brand spends on football players and athletes , then it must also pay it's factory workers enough to support them and their families. Not visiting the factories is not the solution. The CEO should try to improve the working conditions in the factory so that he does not have to shy away from visiting the factories of it's own organization.
2) Yes,I agree. It's not that if the consumers will not support then Nike will not be able to spend on its workers. The company is a leader in it's sector. It makes huge profits. It must understand that the workers working under inhuman conditions on low wages are adding to the company's profit. They should be given a part of the money earned by Nike. The CEO should work towards bringing a systematic and sustainable change to ensure better working conditions for all the employees.
3) Yes, I agree partly. I did like the products of Nike. But this is also true that a boycott and reduced profits will help to make Nike realize it's responsibility towards it's own workers. One of the aims of a business organization is to make profits. Hence it is ok to try to make money for the company and its stock holders. What is equally important is that Nike should realize it's responsibility towards it's workers. It should help them to improve the quality of their lives by paying them a living wage.