Your Stuff’s Not As Cheap As You Think It Is


by The Media Consortium on Oct 29, 2013 | Views: 366 | Score: 0
Sources: yesmagazine.org
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The Media Consortium
The Media Consortium on Oct 29, 2013 10:20 AM said:

What do we really trade for all of the cheap stuff we buy? From 1980 to 2010, the U.S. lost 90% of its apparel manufacturing jobs. Because of this offshoring, our clothes cost 1/3 less in constant dollars today than in 1980, so we spend double what we used to and have three times more consumer debt as in 1994.