Cutting Corners to Make a Profit

GM Bondholders

In recent years, I have noticed that every couple months I’ll hear on the news another recall of some big brand name car. Recently, General Motors has been under fire for their Chevrolet Cobalt which was suffering from numerous faults including unexpected stalling, unresponsive airbags, and loss of power-assisted brakes. This makes me wonder, how was GM not aware of these life-endangering flaws? Turns out, the company was fully aware of their defective cars. In fact, they have known the root cause of these problems for a decade now. Which begs the question, why are cars being recalled almost 10 years later? GM’s reason for their lack of initiative to fix these problems during production was simple. They did it to save money. However, the money they saved was not worth the lives of 13 people who died due to GM’s ignorance. In my opinion, I felt that General Motors thought if they kept pushing back the agenda of fixing their faulty cars the problems would eventually disappear. I don’t think they had anticipated for lives to be lost due to their unethical way of thinking nor were they prepared for the financial backlash as a result of their poorly made decisions. In the end, their plan on cutting corners to save some money ended up costing them over 2.5 billion dollars just on recalling their cars. It is alarming to know that companies are willing to sell their unreliable products to consumers while withholding crucial information just to make a profit.

 

 

sources:

http://money.cnn.com/infographic/pf/autos/gm-recall-timeline/

http://www.businessinsider.com/us-auto-regulator-may-have-ignored-deadly-problems-in-recalled-gm-cars-expert-says-2014-3

http://www.autonews.com/article/20140705/OEM11/307079958/just-how-much-will-recall-storm-cost-gm

 

US Child Labour in Tobacco Farms

 

Child in tobacco farms

While many of us may assume that child labour has long been exterminated in North America that, unfortunately, is not the case. In the US, tobacco farming has been using children as their main source of labour for generations. Children are working long hours in tobacco fields where conditions are hazardous to their health due to the lack of laws in place to protect them. When parents and employers of the children are questioned as to why they feel child labour is acceptable their reasons are that they themselves were raised on a tobacco farm as a child as well and that their households are struggling financially. It is alarming that parents’ and employers’ visions have been clouded with tradition to push for their children to work in such harmful environments. That reason alone amplifies the dire need to have laws put in place to protect a part of the population that can’t stand up for themselves. However, it has been disappointing to see the US’s inadequate involvement and effort that is being put into helping protect the adolescent. In 2012, the Labor Department withdrew their proposal to regulate child labour in the agricultural industry due to politics. This has once again left children vulnerable in the most dangerous field of work for their age group.

The following video interviews children about their working conditions on the tobacco farms:

https://www.youtube.com/watch?v=0-8TBceaO5Q

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