Avatar
Bitcopath
42740f063a6ea0099ef19ffdbdfebaa3737dcf8e2a50df055607967dfac814a3

What is it for IMF? They are worried Pakistan stop using their shit coin papers? 🤪🤣😂😜

France learned nothing from prohibition era. Lesson continues for France till they learn it.

Workers Receive Less Than 1% Of The Price Of A T-Shirt

Workers Receive Less Than 1% Of The Price Of A T-Shirt

The global apparel market is a trillion-dollar industry that employs tens of millions of workers around the world.

But, https://www.statista.com/chart/34514/breakdown-of-the-retail-price-of-a-t-shirt/

despite the industry’s strong growth over the past two decades, it remains heavily skewed towards the top of the value chain.

While a small number of large multinational companies that dominate the apparel market globally make billions in profit each year, factory workers in textile-producing countries barely make a living wage, all while facing poor working conditions that are often not only uncomfortable but unsafe.

https://cleanclothes.org/poverty-wages

reveal the extent to which workers are disadvantaged in the industry.

The organization broke down the retail price of a T-shirt sold for €29 in Europe to illustrate where the money ends up.

https://www.statista.com/chart/34514/breakdown-of-the-retail-price-of-a-t-shirt/

You will find more infographics at https://www.statista.com/chartoftheday/

It shows that factory workers receive less than one percent of the price of a T-shirt produced in Bangladesh and sold at a typical ready-to-wear retailer in Europe.

The largest part of the final sales price, almost 60 percent, ends up with retailers in the form of store profit, staff, rent and sales tax.

The next largest shares are brand profit and material costs, each at 12 percent of the final price and transport costs at 8 percent.

Meanwhile the factory in Bangladesh makes little more than its workers, with an estimated 4 percent of the final price ending up as factory profit.

https://cms.zerohedge.com/users/tyler-durden

Mon, 05/26/2025 - 04:45

https://www.zerohedge.com/personal-finance/workers-receive-less-1-price-t-shirt

Musk Confirms 'X Money' Beta-Testing Ahead of Planned 2025 Launch

Musk Confirms 'X Money' Beta-Testing Ahead of Planned 2025 Launch

https://cointelegraph.com/news/elon-musk-confirms-x-money-beta-testing-launch-2025

X Money, the payment and banking app tipped by Elon Musk in 2022 after he acquired Twitter, has started beta testing, Musk confirmed in an X post on May 25.

Tesla Owners Silicon Valley, a fan X account focused on Elon Musk and Tesla, took to X on May 25 to https://x.com/teslaownersSV/status/1926711137069879509

that Musk has confirmed that X is “launching X Money soon.”

?itok=1Y0CipUr

Source: https://x.com/elonmusk/status/1926769080532426957

The billionaire businessman subsequently jumped on the X thread to confirm the news, writing that the test will be a “very limited access beta at first.”

“When people’s saving are involved, extreme care must be taken,” he wrote.

X Money expects launch in 2025

Musk’s confirmation comes amid X Money’s planned launch this year, https://x.com/XMoney

to the platform’s X account.

?itok=Ty4mbWbt

Source: https://x.com/XMoney

Musk’s silent confirmation of X Money trials followed a series of reports suggesting the platform may launch this year https://cointelegraph.com/news/rumors-x-payments-feature-could-launch-immediately

in January.

X has been actively working to obtain multiple transmitter licenses for X Money across the United States, having secured 41 such licenses at time of publication, https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2404946

to the Nationwide Multi-State Licensing System.

X Money plans date back to 2022

Some of the early public indications of Musk’s plans to integrate payments into X date to October 2022, when https://cointelegraph.com/news/musk-s-deal-for-twitter-looks-set-to-go-with-original-44b-price-tag

as “an accelerant to creating X, the everything app.”

In 2023, https://cointelegraph.com/news/twitter-rebrand-to-x-elon-musk-everything-app

like Bitcoin.

The payment platform was reportedly https://cointelegraph.com/news/elon-musk-x-launch-payments-everything-app-mid-2024

.

The platform apparently gathered more steam with US President Donald Trump taking office in January and appointing Musk as the head of the Department of Government Efficiency’s Workforce Optimization Initiative (DOGE).

Heavily involved in administration through DOGE, Musk quickly received pushback from US officials like US Democratic Senator Elizabeth Warren, who chttps://cointelegraph.com/news/elizabeth-warren-elon-musk-bank-robber-dismantle-cfpb

in February.

“Musk has lost money hand over fist on X. So he has this idea of X becoming a big money platform where he would get everyone’s personal financial data,” Warren said, referring to Musk’s efforts to dismantle her agency, the Consumer Financial Protection Bureau.

https://cms.zerohedge.com/users/tyler-durden

Mon, 05/26/2025 - 14:05

https://www.zerohedge.com/crypto/musk-confirms-x-money-beta-testing-ahead-planned-2025-launch

Anyone shorting Bitcoin in the next 5 weeks is mentally ill