Capitalism task Mia has just graduated as a fashion student. In order to pay the bills, she has taken a job in a local t-shirt factory, working 40 hours per week over 5 days at £8 per hour. Mia is one of 20 people making t-shirts. Each hour, Mia can sew 10 t-shirts, each of which sell for £20. The costs of each t-shirt to produce Is £5. When she goes home, Mia likes to design and make her own t-shirts, but it takes her several days just to do one. Answer the following questions:
1) How much does Mia make per week? 2) How many t-shirts can she produce in a week?
3) How much in total does her company receive if they sell all the t-shirts Mia makes in a week?
4) How much does it cost to make the t-shirts Mia makes per week? 5 How much profit does the company make from Mia's labour?
5) Who does all the work?
6) Assuming the other workers all produce the same amount of t-shirts as Mia, how much profit do they make in a week?
7) What would happen to Mia's job?
8) If Mia's company were to relocated to Vietnam, they would only have to pay £1 per hour to their employees and each shirt would cost £3 to make. How much extra profit could they make by moving production overseas?