Tuesday, June 22, 2010

Cheap Goods for Wal-Mart No More?

There are a lot financial news from China lately - China just loosened a little bit of its currency control and Renminbi moved up a bit against US Dollar; several foreign-owned companies increased the labors' salaries, up to 120%; several provinces increased minimum wages. All these pointed to the direction of the end of dirty-cheap "Made in China" merchandise one can find in Wal-Mart, etc.

Considering the low prices of iPhone and iPad, we cannot deny that there was exploitation involved. If the trend hold and if the manufacturer cannot move to lower-waged region efficiently, it is the end of the golden days of low-priced goods in the US. It would be a more just world, though average Americans must pay up more to support such more just world. Are we willing?

Shade / 陰涼處 / Schatten

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