Boycott the burro.Jack Epstein, "Silicon Jack," in his attack on Wal-Mart that ends with him suggesting a boycott ("The Bentonville Menace," May 2004), has a lot of serious points to make. But his main argument is that a Honduran Wal-Mart employee, Isabel Reyes, makes US$35 a week working for a Wal-Mart supplier, a salary that, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jack, is unfair. If you compare a salary of $35 with the salaries and cost of living in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , of course it's unfair. But certainly the salaries that Wal-Mart pays in Honduras are competitive in the Honduran labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience . And surely the cost of living in Honduras is much, much lower than in the United States. If not, nobody would work at Wal-Mart. Does Wal-Mart seek suppliers that have the lowest prices? Of course, because Wal-Mart sells at low prices and because it competes on price. And what is Mr. Epstein's solution? Boycott Wal-Mart. In the end, Mr. Epstein doesn't like free trade. His complaint is not with Wal-Mart but with competition. LATIN TRADE Latin Trade is a monthly magazine covering global business in Latin America and the Caribbean. Similar to Forbes and Fortune Magazine in coverage, the magazine was founded in 1993 and now publishes 87,000 copies 1 each month in Spanish, Portuguese, and English. is welcome to have a columnist who is against the beliefs and values of the magazine. That is freedom of the press. But it's a pity that his arguments are so simplistic sim·plism n. The tendency to oversimplify an issue or a problem by ignoring complexities or complications. [French simplisme, from simple, simple, from Old French; see simple . Donald Conover Cali, Colombia |
|
||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion