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> The only difference? One was labeled “Made in Asia” and priced at $129. The other, “Made in the USA,” at $239. [85% more expensive] > And many are willing to
by like_any_other 2y ago
> The only difference? One was labeled “Made in Asia” and priced at $129. The other, “Made in the USA,” at $239. [85% more expensive]
> And many are willing to pay a premium for domestically made goods. Nearly half (48%) say they’d be willing to pay around 10–20% more. 17% say they’d be willing to pay ~30% more for an American-made product over an imported one. - https://www.retailbrew.com/stories/2022/07/28/consumers-will-pay-more-for-american-made-products-but-inflation-takes-a-toll-poll https://www.retailbrew.com/stories/2022/07/28/consumers-will...
The article does not say how many would pay 85% more, but since the number more than halved from 10% to 30% more, I would hazard not many.
- pwg 2y agoI suspect that those folks who answer survey questions of "would you pay more for made in the USA" with "yes" are thinking (if they are thinking at all) of paying $2 to $3 more on a $100 item, not paying $110 more on a $100 item. None of the surveys are ever crafted to ask: "How much more would you pay for a $100 item for 'made in the USA'?".
- manmal 2y ago> Nearly half (48%) say they’d be willing to pay around 10–20% more. $110-120 for a $100 item, no?
- aadhavans 2y agoI believe they meant an additional $110, which would be a 110% markup.
- pseudalopex 2y agoWhy do you believe this?
- d1sxeyes 2y agoProbably because that’s approximately in line with the article.
- lcnPylGDnU4H9OF 2y agohttps://news.ycombinator.com/item?id=43787992 https://news.ycombinator.com/item?id=43787992 > of paying $2 to $3 more on a $100 item, not paying $110 more on a $100 item $110 more on a $100 item would be $210. I have no idea where pwg got the “$110 more”, though. Seems the in-context comparison would be “$85 more”.
- like_any_other 2y agoThe survey already used percentages. As for not thinking - it would seem to me worrying about the effects of one's purchases on the local economy, and the knock-on effects this has on sovereignty and politics, takes more thought than just short-sightedly picking the cheaper option no matter what.
- dboreham 2y agoMost people don't understand percentages.
- asfodelsu 2y agoMaybe: Most American people don't understand percentages?
- disgruntledphd2 2y agoMost people. They teach doctors to use frequency representations (i.e. 12 of 100) for a reason.
- BrandoElFollito 2y agoMost people, no matter the place. A lot if people are surprised when they discover that 100 + 50% - 59% is not 100. I do not like percentages myself, I would prefer we say 0.8 of something because the option becomes a simple multiplication and it is easier not to make mistakes
- goodluckchuck 2y agoQuality is also an undefined variable, because people may pay 10% more for an American made product that is of comparable quality, but they may also be willing to pay 110% more if the Asian counterpart is poor quality. When you’re using the same exact photos, there’s no discernible quality difference.
- secstate 2y agoIronically, perhaps, but in 2025 I'd argue the Asian counterpart would probably be of higher quality, at least in the initial transition back to US manufacturing. AND it would be cheaper.
- snowwrestler 2y agoIt is largely pointless, in general, to survey people about how much they would pay for things. Taking such answers seriously has led a lot of companies to ruin. The whole point of pricing is that no one knows how much something is worth until it is actually selling (or not).
- cjaybo 2y agoYeah isn’t this like the number one lesson for startups? People will say lots of things when there’s no money or reputations on the line.
- benwilber0 2y agoAmericans in the market for a "premium" shower head are clearly not looking for the cheapest thing on the market. So it's obvious that they would be willing to spend more for the added feel-good of a domestic product.
- tedunangst 2y agoIt's like when people say they'll pay extra for more legroom but only book the cheapest possible tickets.
- apercu 2y agoI’ve never done that - I have flown a lot in my life, much of it internationally and the flight times / fewest number of layovers trumps cost.
- Jensson 2y agoLegroom is mostly overpriced, people would be more willing to pay if it was properly priced. Paying 50% more doesn't get you 50% more area in the plane.
- switch007 2y ago£70 on a £100 ticket? Yeah no wonder! They're too poor after paying £100 for a checked bag Or long haul premium economy which is just absurdly priced now, often 100-200% more than economy.