Swoosh savior complex Phil Knight drops $2 billion on Oregon cancer research - money stolen from Vietnamese workers making $0.20/hour while his factories pump carcinogens into Asian rivers creating the cancer he's now "curing."
Phil Knight's net worth is estimated to be around $35.4 billion as of August 2025, according to Bloomberg's Billionaires Index. Estimates vary across sources, ranging from $32.1 billion to $46.6 billion.
Nike shoes are primarily assembled in Vietnam, China, and Indonesia, which account for about 72% of their production.
The average hourly wage for factory workers in Vietnam, including those in footwear assembly, is approximately VND 68,000 (around USD 2.99). For Nike-specific factories, reports suggest wages can range from USD 2 to USD 4 per day, which translates to roughly USD 0.25 to USD 0.50 per hour, assuming an 8-hour workday.
$0.25 per hour to workers so Knight can be worth $40 billion.
He's quite a guy!
And now you need to fill in the cost of living math to see if you have even made a valid point. Just because the numbers are low to your expectation of an American salary doesn’t mean it is.
Dude should localize production.
And the wages aren't even the issue. Producing stuff halfway around the world is a recipe for overconsumption fueled by externalities.
And now you need to fill in the cost of living math to see if you have even made a valid point. Just because the numbers are low to your expectation of an American salary doesn’t mean it is.
Dude should localize production.
And the wages aren't even the issue. Producing stuff halfway around the world is a recipe for overconsumption fueled by externalities.
I got a problem with a guy worth $42,000,000,000 paying the people who make his shoes $0.25 per hour
Swoosh savior complex Phil Knight drops $2 billion on Oregon cancer research - money stolen from Vietnamese workers making $0.20/hour while his factories pump carcinogens into Asian rivers creating the cancer he's now "curing."
And the wages aren't even the issue. Producing stuff halfway around the world is a recipe for overconsumption fueled by externalities.
I got a problem with a guy worth $42,000,000,000 paying the people who make his shoes $0.25 per hour
This is what Marxist economic illiterates don’t get. He’s not making his shoes. He’s making shoes for consumers. I’ll bet all the liberals here agree with you have a pair of Alphaflys in their closets.
And why are the people over there taking those jobs if they have better opportunities?
Localize production. You are asking Nike to incur more cost's to make a shoe? How does that make sense in a money hungry CEO who is trying to make his buddies money?
And the wages aren't even the issue. Producing stuff halfway around the world is a recipe for overconsumption fueled by externalities.
I got a problem with a guy worth $42,000,000,000 paying the people who make his shoes $0.25 per hour
Math says it’s closer to $2.25 a hour, at least that is the average wage in Vietnam. Anyhow, if they wanted higher wages, they should have embraced capitalism like South Korea, Singapore, etc. did instead of fighting for that commie nonsense that has always harmed its people.