A veteran of the watch industry recently questionned the steep rise in Swiss watch prices over the last few decades, citing an evolutionary hypothesis called the Red Queen Effect, based on which a system needs to keep adapting and evolving in order to survive in an ever-changing environment. Technological advancements brought to watchmaking in the last decades should have translated into lower prices for the exact same product. Are there so many variables that it is impossible to account for the price increase over a time span of more than 40 years? I would like to invite the reader to look at what we know for a fact and sort what is left to guessing...http://trends.watch/reports/2013/the-speedmaster-standard-linear-vs-exponential-price-increase/
Today, the market of luxury good represents 170 billion dollars per year, which is the gross domestic product of the 42nd richest country in the world (on a list of 243 countries). After an unbridled globalisation and access to broadband internet, physical goods and information take less than one day to go round the planet. The current size and reach of counterfeiting leaves little doubt as to the success in repressing it, and I would like to try to separate the wheat from the chaff by looking at the causes of counterfeiting, the current lack of results in cracking it down, and the experts recommendations for a possible cure.
2010, Unionised revolution in the People's Republic of China: Chinese workers are breaking the glass ceiling of labor conditions. While production quality is rising, China is loosing its image of cheap outsourcing destination and greedy industrialists are now seriously contemplating the relocation of their factories in order to preserve margins.