Buy All The Toys You Need Now, Because Prices Are Going Up
Just buy 'em and scrape off the lead paint. Why? Because toy makers will be passing the cost of higher-quality and better-made toys on to you next year. Says one analyst, "Anything that's a new introduction, you can make that price point $19.99 rather than $14.99."
One source of extra costs is an increased inspection schedule. RC2—the company behind the infamous chinese poison train—used to inspect random batches of toys and perform factory inspections twice a year; now, they inspect every batch of toys several times and have bumped up the inspection rate to every quarter. Mega Brands, the company that recalled its Magnetix toys for magnet hazards, has increased its inspection schedule from twice a year to every two weeks.
The result, as another analyst tells Reuters, is "increased monitoring of toy safety could eventually result in a 'mid- single-digit' price increase for consumers."
"U.S. parents want safer toys, but will cost them" [Reuters]
(Photo: Getty)
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Comments:
Ahhh... increased inspections 'cause you just can't trust the people who manufacture the stuff for you. Fine, fine... that'll lead to slightly more toys not having problems, but even then, the Chinese are a smart and resourceful lot... they'll just make sure to create batches in such a way as to avoid detection yet again, making even closer inspections necessary, until you are forced to inspect each toy individually. Even then, the inspectors could be bribed...
Wouldn't it be easier and cheaper to move all the factories back into the U.S., do high-volume, automated assembly lines (heck, there are factories in the U.S. specializing on that if the toy companies don't want to do it...), and go back to the sparse inspections? It'd even save on shipping costs!
I wonder if that would work. Create an abundance of jobs in Mexico, and that might cut down on the need for Mexicans to illegally enter the U.S. looking for work.
I don't understand why this is a surprise to anyone? Consumers have been demanding ever cheaper and cheaper goods. Quality, safety, warranty--everything else--has taken a backseat to the pricetag. (No parent would admit to consciously placing cost above their child's safety, but aggregate shopping habits have shown otherwise).
Since it costs more for more safety (higher quality components, more inspectors, better manufacturing technologies, etc) you can't have both ultra-cheap and ultra-safe goods.
@pestie: Word. I don't suppose it's occurred to the toy companies that they sell an elastic-demand item. If the quality is too poor or the prices too high, or both, people will cut back on how much they buy, and they can cut back a lot in this area without sacrificing their quality of life. And with grocery prices doubling in the past ten years, and heating costs way up, I suspect this isn't going to bring the results that they want.
I'm with those who say bring the manufacturing back to the US, if only because companies that expect ever-increasing profits from American consumers while simultaneously taking away what was a very common means of earning money for that consumption need a major wake-up call about the sustainability of their economic practices.
I have a feeling Lego is going to have one of the best Holiday seasons they've ever had.
Makes you wonder though, why the toy manufacturers just cut their losses and marketing budgets and bring back some manufacturing to the US. At least then you have MUCH more control over product quality and can eliminate health hazards that have been coming out of China.











Here's a thought.
Let's move all the Chinese manufacturing to Mexico and create jobs down there.
count(birds) = 2
count(stones) = 1