Nov 30 2010
Business Ethic is important!
Business Ethics has always been a topic that I have great interest for. As many consumers know, Walmart is the largest retail industry in the world. However, throughout the years, they truly have not shown business ethics in the community. Scandalous! Walmart uses Sweatshop (slave) labour in China, Taiwan, Honduras, Mexico, Bangladesh, India and many other countries. The workers are women and even children. They are beaten, forced to work 7 days a week and make everything from toys to clothes to computer products. The average Walmart factory worker in China makes $3 US/day. For many years, Walmart’s low prices have tricked consumers in buying their products. Did you know there their products come from? Their foreign products are actually made by cruelty of children in third world countries. Walmart ignores the social responsibilities to their employees, and not nearly spending enough on health care, especially compared to other retail-industries. Walmart CEO even stated: “No, we are not green.” Sure it is cheap, but at what cost to the rest of the world?