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how we can ensure that workers in developing countries are paid fairly for the goods and services we import.
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how we can ensure that workers in developing countries are paid fairly
Levon Hovhannisyan
Chart
Chart
Situatuation
Situatuation
Firstly, the pricing of final products impoted from developing countries are composed considering having high profit, and mostly the companies are not taking care about their labour force and the working conditions. As a result the workers in this kind of companies getting less selary and typically they are working in factories with bad conditions.
Result
Secondly, middle class becomes poorer and have drect dependency on the employer.
Result
Solution
First
First
One possible solution could be lowering other prices of the graph so the other percentages change making that other of this spaces get more income.
Second
Second
Other could be that the taxes that the main company, gets lowered opening the opportunity of making better the salaries of the workers.
Third
Another solution could be to change the dollar-denominated currency of raw material purchases, because when the dollar price increases, companies can generate more revenue, which allows higher wages for workers.
Fourth
Lastly if the government of country discounts the taxes for attracting foreign investors. This can also force the companies to re-distribute the pricing and increase the salaries.
Fourth
Made by Levon Hovhannsiyan