re: Why does the word "profit" have a negative connotation?

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I have no beef with Walmart.

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Alot of liberal/progressives do, yet they ignore the overall benefits that Walmart provides to the very people they try to pander to. It's quite ironic. They try to make poor people hate the very entity that is helping them the most! A cheap goods provider.

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The beef is when companies switch from the US to say Malaysia so that their labor costs are cut tremendously.

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Again there are 2 sides of the story. You could say how dare Nike take advantage of cheap labor in undeveloped countries, all while charging $200 for a shoe that cost $1 to make.

I could say, those people in that undeveloped country wouldn't have ANY means for income if Nike wasn't providing them with jobs. Sure 10 cents/hr sounds like exploitation to us, but to them that's being able to eat for a week. Otherwise they would have to try their hand at finding a job or food in an otherwise undeveloped area, which I'm sure doesn't have that many offerings for employment.

Also, what would you have Nike do? Move manufacturing to the U.S. where they would undoubtedly pay minimum wage for an unskilled factory job, then receive the same backlash, yet have smaller margins, have investors in an uproar, causing their stock to plummet, all while causing them to increase the price of that shoe to $300, and then they are crucified for having minimum wage employees make a $300 shoe! It's a lose lose for them. Might as well take the cheapest labor.

Again, which is it?