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Nike posted a 25% rise in quarterly profits, based on strong demands for high-end running shoes and over-priced, fairly ugly basketball shoes here in the U.S.
“People need fast shoes to run away from falling buildings and anthrax-contaminated mail packages,” a company spokesperson did not say. “I think we’ll continue to see profits rise, and as a reward to our employees we’re raising the hourly rate in some overseas factories 10%, going from 25¢ per hour all the way up to 27.5¢!”
Factory workers in Indonesia and China were overjoyed at the news, some planning on spending the additional income on food and using the rest to pay for food.
Posted on September 20, 2004 at 09:28AM • 0 Comments • Permalink • Read more in The Sporting Life
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