FoxConn is nearly doubling wages in its China factory in response to withering criticisms about worker conditions and suicides. Honda is increasing wages at a key Chinese plant by 24% to settle a crippling two-week strike. The RMB is about to appreciate. A strict labor law is coming into force. The government wants to stimulate domestic consumption and reduce dependence on exports as a source of growth. All this points to one thing -- China is eventually stop going be the "world's factory" as prices for Chinese-made goods begin a slow and irreversible climb, as this important NYT story illustrates.Changes in China Could Raise Prices Worldwide - NYTimes.com
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