Sep
24
“In both circumstances, Japanese consumers have always had to bear the cross of the global production system on their backs — using more of their (often lower) salaries in order to essentially subsidize lower prices in the rest of the world.”
Néojaponisme » The Premium Pricing “Problem”
This is also definitely true in Taiwan. Paying for imported brands with much higher prices with lower salaries to subsidize lower prices in other parts (usually of much higher income) of the world. Wall Street Journal:Web-bargain Luxury Comes to Japan.
