Correlations

Correlations: Perilous Arithmetic for Bangladesh's Factories


Factory owner Tipu Munshi says safety in Bangladesh’s garment industry could be ensured if retailers stopped haggling and paid the 90¢ per pair it costs to sew jeans, like the Walmart-ordered pair below, in a safe facility. Buyers often bargain down to what Munshi calls a danger zone, where rivals make cuts that threaten safety. “Let us earn those few cents, and nobody has to die while making basic jeans.”

Srivastava is a reporter-at-large for Bloomberg News in London. He also reports for Bloomberg Businessweek.

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