Comment by bamboozled
4 days ago
Maybe there was more demand for cheaper stuff in the US because wages had been rather stagnant in relation to production efficiency for decades?
There is absolutely no way people with money just choose to pay more for goods, it just doesn't happen. People with money are shrewd.
People choose to buy cheaper because they can get more with their money. It's really as simple as that.
I personally buy Patagonia clothing for all sorts of reasons, but I could still get a somewhat comparable jacket for 1/5th or less of their stuff. Most people just buy a down jacket from uniqlo even though they could afford to buy from Patagonia.
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