I heard an article yesterday on the AM show and they were talking about how Chinese workers were demanding higher wages, more rights and developing unions such as in the states. The show was interesting in the way they conveyed the fact depsite the communist society, that the workers who build for many US outsourced products are now able to control the market for Chinese made goods. Those inexspensive made in China furniture or electronics (Prima Luna) will go up in price sometime in 2009 because of the shift in the manufacturing costs in China. The show mentioned now many companies are looking for another "China" to outsource too, but the closest would be India at this time. I know for a fact that some high end German manufacturers are already looking at India because it is dirt cheap their.
If the Prima Luna is a bargain right now and some other Chinese made electronics, what will become of them next year? I heard others mention that soon the Chinese made goods will go up in price and the markets will just become expensive all over. We know that most competing US made electronic products are expensive and that the majority of electronics come from Japan or China, so those cheap receivers or radios in Best Buy may go up in price as well. Add the fact that the costs of copper and silver are going up and everything will have a ripple effect associated with these things happening. Hmm.
Ciao,
Audioquest4life
