tag:blogger.com,1999:blog-28755195.post6477723561245487855..comments2023-09-25T04:26:51.568-06:00Comments on The Barefoot Bum: The race to the bottom and the struggle for the topLarry Hamelinhttp://www.blogger.com/profile/08788697573946266404noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-28755195.post-62235924254478579812010-07-24T16:20:09.920-06:002010-07-24T16:20:09.920-06:00Dear Bum,
I checked. The article say, "Mr. ...Dear Bum,<br /><br />I checked. The article say, "Mr. Bozich says the factory’s cost will be $4.80 a T-shirt, 80 cents or 20 percent more than if it paid minimum wage. Knights will absorb a lower-than-usual profit margin, he said, without asking retailers to pay more at wholesale.<br /><br />“Obviously we’ll have a higher cost,” Mr. Bozich said. “But we’re pricing the product such that we’re not asking the retailer or the consumer to sacrifice in order to support it.”<br /><br />Knights plans to sell the T’s for $8 wholesale, with most retailers marking them up to $18."<br /><br />Obviously (to me at least), it is the retailers that should absorb the cost as they have a mark-up of over 100%.<br /><br />But still, it looks like the clothes will cost the same as the Nike and Adidas so I'd guess the students, etc., will be willing to pay the cost.Unknownhttps://www.blogger.com/profile/13969144197524502642noreply@blogger.comtag:blogger.com,1999:blog-28755195.post-92166959703419773142010-07-24T15:31:29.177-06:002010-07-24T15:31:29.177-06:00"The question is whether students, alumni and..."The question is whether students, alumni and sports fans will be willing to pay $18 for the factory’s T-shirts — the same as premium brands like Nike and Adidas — to sustain the plant and its generous wages."Larry Hamelinhttps://www.blogger.com/profile/08788697573946266404noreply@blogger.comtag:blogger.com,1999:blog-28755195.post-49944686090070585372010-07-24T11:42:08.518-06:002010-07-24T11:42:08.518-06:00Dear Bum,
I'd have to double check the articl...Dear Bum,<br /><br />I'd have to double check the article but I thought they said the company making the clothes WAS paying for it out of their profit and NOT asking us to pay more than those companies that are not unionized.<br /><br />I'll have to go back and check.<br /><br />Keep up the good work!Unknownhttps://www.blogger.com/profile/13969144197524502642noreply@blogger.com