#GoneGreen2016 . Day 16 / 365
Living a relatively nomadic lifestyle through my 20s taught me to minimize my wardrobe and cross-seasonal items. The main trick to making this type of wardrobe work, particularly in the winter, is the integration of stockings, which transform summer gear to winter gear effortlessly.
Stockings and other basics are things we don’t usually want to spend big money on, a pack of three stockings made with zero thought for the environment nor the people costs us about $1.00. While one pair of sustainable, ethically produced tights made by a conscious company like PACT or SWEDISH STOCKINGS will run you about $17.00, so it is no wonder, with our training to be cheap, many opt for the cheaper choice … but it comes at a cost to your conscience:
So if you’re paying $1.00 for three pairs of tights which have not been produced ethically and sustainably, the price breakdown is going to be something like this (notice the hierarchy):
RETAIL (54%) – 0.54 cents
The retailer who purchases the item at the wholesale price will then mark it up 50% or more and that’s the pice you purchase it at.
PROFIT TO THE BRAND (12%) – 0.12 cents
The brand who designed the product will get about 12% of the profits.
MATERIAL COST (12%) – 0.12 cents
This is EVERYONE who was involved in creating the material, which is a multiple-step process, sometimes involving agricultural activity, including pesticide use.
TRANSPORT COSTS (8%) – 0.08 cents
This includes post and freight costs.
INTERMEDIARY (4%) – 0.04 cents
The middle person who leases between the brand and the factory for a cut of the profits.
PROFIT TO FACTORY (4%) – 0.04 cents
This is the profit just for the factory owner, not the workers.
PAY TO WORKER (0.6%) – 0.06 cents
That means someone has been paid 6 cents to create your three pairs of tights. Let’s say each pair of tights takes five minutes to make (I suspect it takes more, so this is a major lowball), that means this factory worker is making 0.24 cents an hour.