RSN: Why Nike Is the Problem, Not the Solution

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....Americans made only 1 percent of the products that generated Nike’s $27.8 billion revenue last year. And Nike is moving ever more of its production abroad. Last year, a third of Nike’s remaining 13,922 American production workers were laid off.

Most of Nike’s products are made by 990,000 workers in low-wage countries whose abysmal working conditions have made Nike a symbol of global sweatshop labor.

 

As wages have risen in China, Nike has switched most of its production to Vietnam where wages are less than 60 cents are hour. Almost 340,000 workers cut and assemble Nike products there.

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FOCUS: Robert Reich | Why Nike Is the Problem, Not the Solution

Robert Reich, Robert Reich's Blog
Reich writes: "Tomorrow President Obama will be giving a speech promoting the Trans-Pacific Partnership. Paradoxically, he's chosen to give it at Nike headquarters in Oregon."
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