H&M has brought us many a great thing, including affordable fast fashion and amazing designer collaborations, but it’s time for them to give back to the people who deserve it: the workers. The Swedish fashion giant said Monday that it could raise retail prices in the future in order to pay better wages to some of the world’s poorest textile workers.
Before you get your reasonably priced panties in a bunch, take into consideration that the plans are to improve pay rates for textile workers in countries such as Bangladesh, where the minimum wage is less than $70 green American dollars (in our currency), a month. That’s like one really expensive dress from the store.
Helena Helmersson, head of sustainability at H&M, told AFP that higher retail prices “might be a possibility” in the long-term, but that customers should not expect any price hikes in the near future.