![]() ![]() apparel jobs during the 10 years ending 2007. The pressure on apparel companies to find cheaper labour caused the evacuation of almost 650,000 U.S. When companies such as Forever 21 and Zara are finding success in churning out high-volume, low-priced garments and consumers are finding H&M dresses for as low as $4.95, doesn’t everybody win? According to author Elizabeth Cline, a self-confessed cheapskate herself, the losses are quietly mounting. Never before in history have we paid so little for apparel: in 2009, American consumers spent less than 3% of their annual household budget on clothes. ![]() ![]() OVERDRESSED: The Shockingly High Cost of Cheap FashionĪs food, gas and home prices soar, consumers can take solace in knowing that clothes still come cheaply. ![]()
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