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Sunday, October 24, 2010

Poverty, Charity, Altruism, and Big Government

HOWARD ROARK CRIED


Sometimes, all the things that blogging heads (including me?) think of as the tradeoffs just aren't there, for a smart and informed consumer.

Consider Joe Bozich and the entire effort of socially responsible business, via HuffingtonPost:

Changed the game by ... paying foreign garment workers a living wage. Bozich, who owns a leading supplier of logo-covered college t-shirts and sweats named Knights Apparel, recently opened a factory in the Dominican town of Villa Alta Gracia on the grounds of a former Korean cap factory that paid minimum wage. Bozich pays about three and a half times that, and has allowed workers to unionize, deciding that it’s worth the cut in his profit margin. This coming fall, over 250 campuses will sell Knights t-shirts made in Alta Gracia (at the same price as before), and United Students Against Sweatshops will pass out fliers encouraging students to buy them. University leaders are ecstatic—the Duke director of licensing told the New York Times that the new factory "sometimes seems too good to be true.”

He said it: “I started thinking that I wanted to do something more important with my business than worry just about winning market share." - link, with video