Many U.S. companies (including WalMart) have been charged...

Name: Problem 11, Chapter 14: Economic Issues and Policy (with InfoApps 2-Semester Printed Access Card)
Uploaded: 2020-07-22T16:31:20-08:00
Duration: 1 min 49 s
Channel: Samit Deshmukh
Description: Many U.S. companies (including WalMart) have been charged with buying their products from "sweatshops" operated in poor developing countries. While any job is conceivably better than no job for poor unemployed workers, there is still the equity issue involving dangerous and low paying jobs. Find out what you can do about sweatshop labor by simply googling "sweatshop labor."

Many U.S. companies (including WalMart) have been charged with buying their products from "sweatshops" operated in poor developing countries. While any job is conceivably better than no job for poor unemployed workers, there is still the equity issue involving dangerous and low paying jobs. Find out what you can do about sweatshop labor by simply googling "sweatshop labor."

Key Concepts

Ethical Consumerism

Ethical consumerism is the practice of purchasing products that are made ethically and sustainably, often by considering the labor practices behind a product's production. This empowers consumers to support companies that uphold fair labor standards and to protest against those that exploit workers.

Corporate Social Responsibility

Corporate Social Responsibility (CSR) is the principle that companies should be accountable for the social and ethical impacts of their operations. In the context of sweatshop labor, CSR focuses on the commitment of corporations to ensure ethical supply chains and fair treatment of workers.

Sweatshop Labor

Sweatshop labor refers to working conditions that are characterized by long hours, low wages, poor safety, and inadequate labor rights, often found in manufacturing industries in developing countries. This concept highlights the ethical dilemmas of exploiting cheap labor in a globalized economy.

Globalization

Globalization involves the integration of economies through international trade and investment, which often leads companies to outsource production to locations with lower labor costs. This phenomenon raises concerns about labor practices and the impact on workers’ rights in poorer regions.

Labor Rights

Labor rights encompass the protections and standards that ensure safe, fair, and equitable working conditions for employees. This includes fair wages, reasonable working hours, and safe environments, which are frequently compromised in sweatshop settings.

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