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21 sats \ 6 replies \ @Undisciplined 15 Nov \ on: Will Trump’s Trade War Break America’s Addiction to Cheap Stuff? econ
Buying less does not hurt the economy. This is a Keynesian fallacy. Prosperity comes from producing more than one consumes. If a person continues producing at the same level and reduces their consumption, that makes society more prosperous, not less.
Americans are very much not into luxury. We choose quantity over quality at pretty much every opportunity.
Ok. I agree Americans are not into luxury but they aren't buying cheap, instead they are spending a lot lot more than the actual cost of a product. I understand that labour and transportation isn't as cheap as in India, still I can't fathom the price tags in $ on the products there.
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There are so many transactions costs, it's hard to fathom how much cheaper stuff could be.
Speaking of which, we actually did find a Halloween shirt for our daughter that only cost 59 cents!
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Yes, the old opportunistic you ;)
59 cents for a shirt is not possible even n India but I believe you.
Kids wear do ship to India from China as low as $0.05 cents. The same is sold by retailers at least in $0.5.
This cost increase is due to many middlemen before the product is consumed. And TBH even Trump is behaving like a middlemen while imposing tariffs.
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I can't fathom why it was so cheap. I would have been less surprised if it had been $59.
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Maybe they misprinted the dot before 59.
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More likely that it was supposed to be $5.90 and they misprinted it. Or, they had way too much inventory and were just trying to clear it out.
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