[lbo-talk] WSJ: US retail prices rise "to pay for China's labor"

[Wojtek S]

That is good, no?  Furthermore, standard economic wisdom has that this
will reduce the profit margin, which is an added benefit.  Anything
that shifts rewards from money grubbers to labor, even by tiny bit, is
good in my book.

Wojtek

On Thu, Dec 15, 2011 at 10:46 AM, Fernando Cassia <fcassia at gmail.com> wrote:
> US retail prices rise to pay for China's labor
>
> Labor costs at China's factories have risen substantially as the
> country's economy has grown, driving price increases on US imports
> this year. Prices for Chinese imports were up 3.9% last month over the
> previous year, with higher increases in certain categories where China
> accounts for up to 80% of imports, including shoes and luggage. The
> Wall Street Journal (14 Dec.)
>
> http://online.wsj.com/article/SB10001424052970204026804577098773308400202.html?mod=dist_smartbrief
>
> FC
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk