Rising prices certainly are no fun for collectors - myself included! But here is my take:
- Blame the Chinese. China's export oriented economy was built on, primarily, low wages. This advantage is eroding daily. Rising prosperty has pushed up wage costs there signifcantly. This is good for Chinese workers, obviously, as they can start affording more and better "stuff" and live an overall improved life. China SHOULD encouage this, frankly, so it can become less dependent as a country on exporting for its economic dynamism. But, right now at least, its not so fun for the parts of the world, the US consumer for example, which has became dependent on (or at least very fond of) low cost goods made in China.
- Other asian/less developed nations, such as a Vietnam, could - theoretically - pick up China's slack. But its not just about wage level, as there are operational and cultural challenges as well.
- On the positive side, at some point rising wages in developing nations COULD make it viable for companies to bring some manufacturing activities (back?) to the USA! This would be good news for all sorts or reasons, at least to US-based collectors and dealers.
- No doubt well run companies like K&C will, when and if possible, undertake actions that address the rising wage cost problem in China. The beauty of a worldwide system based on capitlism is that, if they dont someone else will. Either way, collectors will ultimately benefit!