It's official. Inflation is out of control. Off the hook and unhinged. According to Nike's new release, the costs of doing business in order to build their customized shoes is due to the cost of materials like cotton.
Who would have thought. Nike operates some of it's most prolific factories in Indonesia, China, and Vietnam. Obviously as a cost saving measure, seeing as the costs of raw materials such as cotton have become so outrageous. Factor in the millions they pay to those like Lebraun James and previous stars like Michael Jordan and is it any wonder that these super shoes don't cost more than an Emelda Marcos shopping spree.
Really? Due to the cost of cotton? Hells Bells! There is no telling what a pack of Fruit of the Loom briefs are going to cost in the near future.
I say screw gold! Get into cotton futures now!
LeBron sneakers test $300 limit
Nike is selling LeBron James' newest sneaker for over $300.
According the Wall Street Journal, LeBron's next shoe, the "LeBron X" will cost around $315.
The shoe debuted at the 2012 Olympic gold-medal game between Spain and the United States.
This will be LeBron's 10th shoe release.
His first shoe was released in 2003.
It was called the Nike Zoom Generation and cost around $110.
Nike told the Journal that it is passing along price increases because of the increased cost of materials like cotton.
Shoes to die for. Literally.
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