Pros And Cons Of Sweatshops

“Sweat Shops” is a rapidly growing problem of developing countries. In 21st Century large number of companies went international and expanded their customer markets, therefore the cost of labor increased tremendously. Multinational companies looked for another alternative in which they don’t need to give large amount of wages to labors. As a solution to this issue they moved their factories offshore, usually in developing countries like India, Bangladesh etc. These countries usually do not enforce the employers to pay average wages to their employees. Furthermore they do not impose law to follow proper and healthy working conditions and companies don’t even have a restriction of using natural resources. Using this method multinational companies are generating more and more profit and revenue every year but, on the other hand people who are doing jobs in these “Sweatshop” are living far below the poverty line. This has lead to a debate and many ethical questions were raised. Either there should be a ban on “Sweatshops”? Or they should be properly monitored to give minimum wages? Is it a moral thing to do? So In following paragraphs we will discuss points both in favour and against “Sweatshops” by multinational companies in less developed countries.
First of all, the top most ethical …show more content…
Now they can create product in less time and bring the finished product into market almost instantly by using this cheap and quick labour. Using sweatshops they can expand and try new products with very low cost. And thus they can create more affordable and desired product for their customer. Furthermore they can earn more profit for their shareholders. This is upheld by the Shareholders Theory which explains that the key qualities of sustainability of any company are through profit maximization, hence expanding shareholder