Money always seems to be the world’s major problem. Even the great land of opportunity is in debt by around 16 trillion dollars. Honduras’ majority of the population is the poor or lower class citizens, most living off of a dollar a day. The problem occurs when top manufacturers set up factories there to pay the citizens close to nothing; only prospering because of the cheap labor prices. There are a few ways to fix this problem. One of the solutions is to spread out the wealth of these manufacturers. Instead of looking for a huge profit from the cheap labor is to cut back on the profit and pay the workers more and give them benefits. That way it will allow the workers to work harder than they already are for the extra bonuses.
Cutting back on the profit will not hurt the companies at all. They go to Honduras to be exempt from taxes and control 100% of profits without intervention of the Central Bank. With that being said they can stand to spare a few more dollars of salary to their workers. One manufacturer in Honduras has a Water generator to provide half of their electricity used. So while executives and CEO’s are sitting in their high chairs with expensive houses and cars their workers are struggling to survive and even are willing to make the dangerous and illegal trip to the United States to start all over from the very bottom.
There is always other ways of how you can do things. But this seems to be the most logical out of all the possible choices. After this takes action, all of Honduras would benefit. Allowing the citizens to build proper and better homes and clean up the area making Honduras a better place to live and visit. As well as greater cash flow throughout the region to let businesses grow and spread.
Works Cited
CABC S.A. n.d. 13 June 2013 <http://www.ca-bc.com/zip_internacional/offshore_mfg.html>.
Hall, Ed. U.S. National Debt Clock. 13 June 2013. 14 June 2013 <http://www.brillig.com/debt_clock/>.
Nazario, Sonia....