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Author Topic: Price increase  (Read 1167 times)

Ray Padden

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Price increase
« on: November 11, 2011, 09:57:16 AM »
Just read over on gizmodo that China are introducing a 20% increase in the minimum wage.   I wonder will this cross over to Canon?  According to gizmodo, this will put a mark up of 20% on tech gear, could be scary  ::)

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Price increase
« on: November 11, 2011, 09:57:16 AM »

Meh

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Re: Price increase
« Reply #1 on: November 11, 2011, 10:08:12 AM »
20% on top of next-to-nothing is still next-to-nothing

Most foreign companies already pay wages to employees (the legal employees) that far exceed local wage standards so there would be little or no effect.

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Re: Price increase
« Reply #2 on: November 11, 2011, 10:45:33 AM »
The minimum wage component in the final price is miniscule. It should be dwarfed by other factors like currency exchange parity, Canon / Dealer margins etc.
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Re: Price increase
« Reply #2 on: November 11, 2011, 10:45:33 AM »