Lets think bout it this way... Micheal Jordan was a highly sought after basketball star. Nike needed a spokesperson so that they could sell more shoes to their 'target market', i.e. kids who like basketball. So they pay a ridiculous amount of money to have him as a spokesperson. Production for Nike shoes goes THROUGH the roof so more jobs have to be created. Some Nike executive visits Malaysia and decides that they will have enough low wage workers to (lets remeber the fact that Malaysia was in dire need of jobs and still is) complete production to an effective amount so that all costs can be ballanced out. A large amount of Malaysians now have jobs and since they're cost of living is less than fifth of our cost of living, the workers now feel gratifed in knowing they can feed they're family's by working for Nike. Everyone is happy. Nike probably has better working conditions than Martha Stewarts sweatshop did... by far!
So that said. Because they pay Micheal Jordan an amazing amount of money they are able to capitalize enough funds to have a factory in Malaysia therefor bringing more money and prosperity to Malaysia itself. Micheal Jordan and Nike are bringing more work and less famine to a country in desperate need of more jobs and less gangs.
Is Micheal Jordan making too much money? I dont think so according to spike in sales for Nike. Is it unfair that Mickeal Jordan makes more than the Malaysian workers all combined? You have to consider the cost of living differences. If we took what he was paid and considered to cost of living in the US and then took the Malaysian workers pay and considered they're cost of living we would see that he is actually being paid like a Executive manager in Malaysian monetary value. I havent actually done the math but I can guess as much.
So that said. Because they pay Micheal Jordan an amazing amount of money they are able to capitalize enough funds to have a factory in Malaysia therefor bringing more money and prosperity to Malaysia itself. Micheal Jordan and Nike are bringing more work and less famine to a country in desperate need of more jobs and less gangs.
Is Micheal Jordan making too much money? I dont think so according to spike in sales for Nike. Is it unfair that Mickeal Jordan makes more than the Malaysian workers all combined? You have to consider the cost of living differences. If we took what he was paid and considered to cost of living in the US and then took the Malaysian workers pay and considered they're cost of living we would see that he is actually being paid like a Executive manager in Malaysian monetary value. I havent actually done the math but I can guess as much.
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