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The expertise to do that isn't here anymore on a scale to satisfy the majority of the market. However that is likely exactly what happened when it was finally
by mothballed 10mo ago
The expertise to do that isn't here anymore on a scale to satisfy the majority of the market.
However that is likely exactly what happened when it was finally pretty much killed of in the 90s. At some point clothes were made largely domestically. Some manufacturers started offshoring while others didn't. At that point consumers had a choice, the choice they made was to drive the onshore industries out of business or offshore.
There might be some argument people have more surplus wealth now though, and they'd rather en masse buy those domestic products than healthcare, healthy food for their children, education, housing, and the other stuff that absorbs all the income we can muster. Of course I think there is always a market for people with money for luxury goods, some of them buy USA because it is USA.
- terminalshort 10mo agoThis is true, but let's not pretend that "healthcare, healthy food for their children, education, housing" is what's absorbing all the money. Average car payment is around 700 bucks a month now.
- mothballed 10mo agoThe median car payment is $0. ~75% of cars are bought used and according to Experian only 33.5% of those are financed. When adding 80% new cars financed you're already under 50%. Then consider already paid off vehicles.