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But we aren't actually doing that because consumer preferences and supply chains are pretty sticky. If it costs $5 for cheap insert country here and $10 for ch
by michaelmrose 1y ago
But we aren't actually doing that because consumer preferences and supply chains are pretty sticky.
If it costs $5 for cheap insert country here and $10 for cheap American crap worse than the 5 then 8 for cheap stuff in some other poor country with a better trade deal and $20 for good American stuff almost none of your market moves to the 20 stuff and almost all of it shifts to the $8
- mc32 1y agoWe don't and should not buy cheap crap made abroad or at home. There are still clothing manufacturers in the US (and Japan), who make quality but more expensive clothing. Instead of a $30 "throwaway" hoodie, you get a $140 hoodie that lasts. It'll last longer and it can employ your neighbor instead of letting them become meth heads due to being laid of as a seamster or seamstress, etc. It's a better quality of life for everyone.
- michaelmrose 1y agoShould is very nearly irrelevant besides actuality