The First Horseman Arrives

Stuff at Wal-Mart, Target, Best Buy, etc. may soon cost more

Coastal factories are raising salaries, local governments are hiking minimum wage standards and if China allows its currency, the renminbi, to appreciate against the U.S. dollar later this year, as many economists are predicting, the cost of manufacturing in China will almost certainly rise.

The New York Times explains how rising labor costs will ultimately improve the lives of workers and allow for China to maintain its hold as the world leader of manufacturing.

Check it out

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