Likewise, the meatpacking industry is infamous for its brutal working conditions and low wages. It has bred many low income, working poor communities plighted by gangs, crime, and despair. The solution to righting the industry and its communities is obvious- pay employees real, middle class wages. But the industry has been fighting a race to the bottom, as the wholesalers of meat products will obviously pick the meatpacking company that can sell at the lowest cost. Because better wages would only increase the price supermarkets pay for meat by several cents per pound, one meatpacking company CEO has openly called for imposing higher wage levels across the entire industry (easier than done). The introduction of higher wages would boost local economies and in aggregate that contributes to the nation's prosperity.
The industries are examples of capitalism at its most efficient and of capitalism utterly failing society as well.