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Top related persons:
Barbie - 2 it's - 1 Manoj Pradhan - 1 Mark Perry - 1 Julian Zhu - 1 Gabriel Galvan - 1 It's - 1
Top related locs:
Asia Wall Silicon London China Vietnam Malaysia Japan
Top related orgs:
Mattel - 2 Nike - 2 Service - 1 Street Journal - 1 Companies - 1 Hasbro - 1 University of Michigan - 1

Search resuls for: "Manoj Pradhan"


4 mentions found


☆ Could This Be the End of Super Cheap Stuff?
  + stars: | 2023-08-18 | by ( Manoj Pradhan | London-Based Economist | Co-Author Of | ) www.wsj.com   time to read: 1 min
Barbie-maker Mattel, which has a large production base in Asia, is grappling with higher labor costs and has raised prices for its products. Nike, which makes most of its shoes in Asia, flagged in June that its product costs had gone up because of higher labor expenses.
Persons: Barbie Organizations: Mattel, Nike Locations: Asia
☆ Millennials and Gen Zers in Asia don't want to work in factories. It means you could soon pay more for clothes, furniture, and toys.
  + stars: | 2023-08-08 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +5 min
Young people in Asia don't want factory jobs, so companies are raising wages and adding perks. That's because factories across Asia that have traditionally produced many of these goods are struggling to find workers, The Wall Street Journal reported. In China, manufacturing workers' wages have more than tripled over the past decade, and factory workers in Vietnam, Malaysia, and Japan, have seen notable pay bumps as well. Companies like the Barbie manufacturer Mattel, the toy maker Hasbro, and Nike are facing elevated labor costs in Asia that have contributed to price hikes. Mark Perry, University of Michigan economistExperts attribute Asia's factory labor shortage to a variety of factors.
Persons: it's, Manoj Pradhan, Mark Perry, Julian Zhu, Gabriel Galvan, It's, Barbie Organizations: Service, Street Journal, Companies, Mattel, Hasbro, Nike, University of Michigan, Reuters Locations: Asia, Wall, Silicon, London, China, Vietnam, Malaysia, Japan, Mexico, America
☆ Inflation is falling. But the days when prices rose just 2% may never return
  + stars: | 2022-12-13 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +9 min
Energy prices are pulling back because of fears of a global recession, and the price to ship a container across the ocean has plummeted. In the United States, consumer prices rose at an annual rate of 7.1% in November, the smallest increase since December 2021. Prices rose by 10.7% in the United Kingdom last month, down from 11.1% in October, according to data published Wednesday. But even if this bout of inflation has peaked, economists are warning the world may not return to simpler days when prices barely rose at all. At least for now, supply of critical minerals can’t keep up, which could force prices higher at times.
☆ Western economies rediscover meaning of scarcity
  + stars: | 2022-10-27 | by ( Edward Chancellor | ) www.reuters.com   time to read: +8 min
Western companies, which outsourced production to China and other emerging markets, found themselves less constrained by their domestic workforces. China’s rising exports lowered the prices of traded goods, dampening inflationary pressures and allowing Western central banks to cut interest rates to their lowest levels in history. In the 1970s, economists worried that fiscal deficits would lead to higher interest rates and lower investment. Western governments now face constraints that are common in developing countries, relating to fiscal policy, inflation and financial stability. To reduce the burden of their war debts, governments in Europe and the United States held interest rates below inflation.
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