NO ENTRANCE TICKET in notebook 11/20/13 NO ENTRANCE TICKET in notebook Read your Sweatshops Argumentative Paragraph out loud to yourself. Make necessary proof-reading corrections. On desk: Typed, proof-read, double-spaced Sweatshop paragraphs

11/20/13 Econ. Agenda What is social responsibility? (class notes) Am I a socially responsible consumer? (online research) HW: Socially responsible consumer research

Class notes – Social Responsibility 11/20/13 Class notes – Social Responsibility Industry: a particular branch of economic activity Example – Nike is in the athletic wear industry. Example – General Mills is in the food industry. Retailer: business or person that sells goods to consumers Example – Dunkin’ Donuts is a retailer of coffee.

11/20/13 Class notes Parent company: company that owns a smaller company Example: The YUM! Corporation is the parent company of KFC, Pizza Hut, and Taco Bell

11/20/13 Class notes Social Responsibility: Companies who are socially responsible go out of their way to: Be environmentally friendly Pay fair wages and have good working conditions Support workplace diversity (hire minorities & disabled) Increase product safety and quality Donate to or sponsor charities

Example of Socially Responsible Company Retailer: Ben and Jerry’s Ice Cream Industry: Food Products: Ice-Cream, t-shirts, etc. Donate 20% of profits to charities Prints menus and wrappers on recycled paper All food is grown in U.S., not from other countries Hires minorities & disabled

11/20/13 How does buying local help the local economy? When you purchase goods from non-local corporations, the profits they make & taxes they pay leave your communities Example: Taco Bell Parent Corporation: Yum! Brands Headquarters: Louisville, KY (CEO: David C. Novak)

11/20/13 How does buying local help the local economy? Buying from local companies keeps the profit they make and taxes they pay in your communities as trickle-down investments Example: New Harvest Coffee Roasters Headquarters: 1005 Main St., Pawtucket, RI Owners: Rik Kleinfeldt and Paula Anderson

11/20/13 How does buying local help the local economy? Buying from local companies is also better for the environment Maxwell House Coffee (roasted in San Leandro, CA) has to travel 3,088 miles to get to you. New Harvest Coffee (roasted in Pawtucket, RI) has to travel MAYBE 5 miles.

11/20/13 Am I a socially responsible consumer? Socially responsible consumers: Are informed about the companies they buy from. Choose to support companies (buy products from) whose mission, values, and ethics align with their own.

Socially Responsible Consumption Choose 1 company that you buy products from and 1 substitute company that you could buy similar products from. (must be from same industry) Research these companies to give them a Social Responsibility Score (grade A – F)

Cars: Subaru vs. other Coffee: Dunkin’ Donuts vs. Starbucks or New Harvest Roasters Clothing: American Apparel vs. other Jeans: Levi’s American vs. other Shoes: Nike vs. Tom’s  Big-Box Stores: Wal-Mart vs. Target Other?:  Cereal: General Mills vs. Cascadian Farm Computers: Apple vs. other Cell phones: Random gifts: Ten Thousand Villages vs. Macy’s/J.C. Penny, etc. Fast Food: Panera Bread vs. other Jewelry: Alex & Ani vs. other Banks: Pawtucket Credit Union vs. other

Cars: Subaru vs. other Coffee: Dunkin’ Donuts vs. Starbucks or New Harvest Roasters Clothing: American Apparel vs. other Jeans: Levi’s American vs. other Shoes: Nike vs. Tom’s  Big-Box Stores: Wal-Mart vs. Target Other?:  Cereal: General Mills vs. Cascadian Farm Computers: Apple vs. other Cell phones: Random gifts: Ten Thousand Villages vs. Macy’s/J.C. Penny, etc. Fast Food: Panera Bread vs. other Jewelry: Alex & Ani vs. other Banks: Pawtucket Credit Union vs. other