Wednesday, April 9, 2008

Goodbye to cheap Chinese goods.

The era of cheap Chinese consumer goods may finally be ending, thanks to irrepressible inflation. In addition to the rise in prices for raw materials and oil,


China is rolling out wage increases around the country and tightening its labor laws.


Don't get too outraged. This means a whooping $160/month for workers there. I don't know about you, but I'd pay an extra dollar or two for my crisp polo shirt so that a few families across the world are fed.


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