Toy manufacturers play with pricing
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#1 Feb 15, 2008
The nation's toymakers -- faced with soaring energy and raw material prices and rising labor costs in China -- are tweaking their new product lines and scaling back their offerings.
The falling U.S. dollar against the Chinese yuan, higher energy costs and a new business code in China are forcing Chinese factories to raise prices for exports. The U.S. toy industry, which imports about 80 percent of its products from there, is among the hardest hit. Toys are mostly made of plastic, and are now under increased regulatory scrutiny after last year's highly publicized recalls due to lead and other hazards.
SO, this is what it has come down to. The American getting screwed once again. Huge manufacturing companies outsource US jobs to China so they can pay less. Consumers still have to pay the same amount of money for a product that was made for less. Now thanks to these huge manufacturing companies, China has us by the balls. I hope no one uses their "stimulate the economy" money to buy products from China. Our government most likey will have to borrow the money from China in the first place. Do you see the picture? Borrow money from China to buy more products made in China. Those of you that don't think this country is in big trouble are delusional. We need to stop spending, not spend more. Buy your kids used toys from the goodwill or a yard sale. Try to be aware of the items you buy and where they come from. If you don't really need it, don't buy it. The future of this country is depending on it.
#2 Feb 15, 2008
I am so SICK of the fact that we depend so heavily on China.
I agree - recycle toys: buy from Goodwill and yard sales.
I intend to use my 'stimulate the economy' money to pay off a credit card and put away toward summer camping trips.
#3 Feb 15, 2008
Soaring labor prices in China... labor and management must have just negotiated a new contract.
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