Add your comment by filling out the form below in plain text. Comments are approved by a moderator and can be edited in accordance with RFAs Terms of Use. Comments will not appear in real time. RFA is not responsible for the content of the postings. Please, be respectful of others' point of view and stick to the facts.
Congratulation, at least someone can do math here. Unfortunately, this person had no knowledge of Cost Accounting. Let's start with opearation costs(fix and variable costs), raw materials, taxes and etc.... . Hello..... go back to school and take some accounting classes.
Dec 27, 2013 06:29 PM
Is anyone doing math?
300,000 workers making average $80 per month.
300,000 x $80 = $24,000,000 per month slave labor wages.
$240,000,000 x 12 = $288,000,000 per annual slave labor wages.
Each year Cambodia export about $4 billion dollars garment worth annually.
$4,000,000,000 - $288,000,000 = $3,712,000,000
Someone is making a HUGE profit on slave labors back. If they doubled the slave wages to $150 per month, that would only cost them $576,000,000 per year on labor. That still leaves them over $3.7 billion dollars, someone still making a HUGE profit.
Nov 26, 2013 06:35 PM
Reply to this comment