While the Chinese economy continues to grow despite a number of crises, India is becoming a serious giant and trade unions are being formed and minimum wages are being raised in countries like Bangladesh, T-shirts are still being sold in Europe for three euros. Krone+ used exciting graphics to see how this is possible despite transportation costs, customs duties and taxes.
T-shirt in dark red, size M, round neck – my wishes can be quickly fulfilled online. And costs almost nothing. The German clothing giant KiK offers me a model for sale for 2.99 euros. Shipping is considerably more expensive at 4.99. The product is offered for the same price in the store around the corner. Less than three euros for a shirt: is the purchase morally justified? Krone+ has looked at the price frenzy.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
