With all due respect, I have a lot of first hand experience with global outsourcing, and will simply disagree that Asian wages and/or standards of living have risen commensurately with the rise in prices.
I have Korean guitars from the 00's that retailed $350-450 and are extremely well-built instruments. Do we really think that same factory worker ... 'luthier' ... is making twice what they did a decade ago? I do not.
It sounds good in a vacuum, but I don't see a huge appreciation in quality nor payouts. What I see is a market that has matured, and importers like Shechter, Reverend, Fender and others realize that they can mark them up more than they used to.
True outsourcing story:
CFO tells corporate management retreat during his presentation "We were, uh, kind of stuck on how to reach our growth goals. Even though you guys have done a great job in sales and we're growing the top line, we needed a little more top line and a little more EBITDA. We thought about our cost structure, but I didn't want to cut service. And those guys in Bangalore are priced pretty nicely. So, uh, I looked at (name of his lieutenant) and asked 'why don't we raise the prices?' So we are. 8 percent." That was a software company - good one, too. Happens all the time.
I'm hopeful we can keep this dialog going - because I'd love to support a Korean maker by buying direct. I have absolutely no need to see the Fender logo on the headstock - we should be in an era where this is possible.