Analysis Of The Reasons For The Decline In American Clothing Prices

< p > < strong > US < /strong > < a > target= > _blank > href= > //www.sjfzxm.com/ > > strong > dress > /strong > /a > < > > prices have dropped sharply in the past 20 years.

(P) on Thursday night, Brooks (Monica Brooks) and her eight year old daughter Morgan (Morgan) swept the shelves of a Zara store in Dallas to browse the $16 T-shirt and 10 dollar Ruffle Top.

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< p > < a href= > //www.sjfzxm.com/news/index_c.asp > clothing price < /a > has declined sharply in the past 20 years.

Chain stores such as Zara and h&m set the tone for cheap fast fashion.

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< p > clothing labels from this fast fashion chain show that these garments come from all parts of the world, including Bangladesh.

A series of fatal fires occurred in Bangladesh's clothing factories. Recently, the collapse of a building led to the death of over 1100 garment workers.

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Brooks surprised P.

Brooks is a 41 year old software salesman.

She said that I spent too much time shopping at Zara.

Brooks said, this only shows that we did not notice the origin of < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > before.

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(P) Americans' desire for cheap clothes is one of the most powerful economic forces that have led to the prosperity of Bangladesh's garment industry. The consequent increase in production capacity has become the fuse of these awe.

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< p > compared with other expenses, American consumers have become accustomed to spending less money on clothing, but they are worth more than they are worth.

According to data from the commerce department, Americans spent only 3% of their annual spending on clothing and a target= "_blank" href= "//www.sjfzxm.com/" and "shoes /a" category, compared with about 7% in 1970 and around 13% in 1945.

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< p > the reason why Americans spend so little on clothing is that the price of clothing in the United States has dropped sharply in the past 20 years. Before that, clothing prices in the 50 and 60s of last century, especially in 70s, have been rising.

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< p > INDITEX Sa's Zara and Haines Morris (Hennes & Mauritz AB) h&m such as a href= "//www.sjfzxm.com/news/" > clothing chain "less than" for "fast fashion" set the tone.

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P Maki, an economist at Barclays PLC (barc.ln), said that the current price of clothing is definitely lower than that of the 90s of last century.

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Jessica tenvose, an economist at P U.S. Bureau of labor statistics, said that since the 90s of last century, clothing prices in the United States had risen by only 10%, compared with 82% in the same period.

The consumer is responsible for compiling the consumer price index (price index).

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< p > if inflation is adjusted, the price of clothing will decrease.

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< p > this situation is undergoing minor changes.

In December 2012, clothing prices rose by 2% over the same period last year, when clothing prices rose by nearly 5% when cotton prices soared in the previous year.

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< p > but economists say that because consumers are accustomed to spending little money on clothing, retailers and garment manufacturers are unwilling to raise prices, and they are more eager to find low-cost clothing producing areas.

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< p > the downturn in the US economy and the stagnation of wage growth have limited the disposable income of consumers. This has increased the pressure of retailers, but the desire to buy new fashions is still strong.

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< p > at the same time, labor costs have been rising rapidly in China, which has long been the world's factory.

As a result, retailers and garment manufacturers are turning to other countries with lower costs, such as India, Vietnam, Kampuchea and Bangladesh. In these countries, the wages of junior clothing workers are less than 40 dollars a month.

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Last Sunday, Bangladesh a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > the minister said that he would soon start a dialogue with ILO and factory owners to agree on a new factory minimum wage standard.

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< p > if the wage rises are too large, Western retailers may pfer orders from Bangladesh to other countries, but Bangladesh workers' wages will rise by three times to exceed the wages of Chinese workers.

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In the short term, foreign brands producing garments in Bangladesh may need to digest the wage increase factor themselves, just as many of them did in 2011 when the price of cotton rose P.

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In 2005, western enterprises began to make garments in Bangladesh. In that year, the quota system of international trade quotas called "a href=" //www.sjfzxm.com "/a > agreement" (multi fiber arrangement) was officially expired, and the export of textiles and clothing from developing countries to developed countries no longer faced strict quantitative restrictions after p.

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Guan Shaolan Quan, deputy director of the center for labor research and education at University of California at Berkeley, said manufacturers found that production costs in Bangladesh and Kampuchea were lower than those in China, especially for manufacturers in Europe. Transportation costs between Bangladesh and Kampuchea to Europe were lower than those between central Europe and P.

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< p > consumers can buy more clothes because of < a href= "//www.sjfzxm.com" > clothing price < /a > low.

Guan Shaolan said that when I was a child in the 50s of last century, clothing was not as cheap as it is now. I remember that we only had three or four sets of clothes. This is a lot for a middle-class family girl.

She said, my three wardrobes are all full, and that's not enough.

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< p > but when the global labor cost and production pattern suddenly change, it will bring great pressure to the economy.

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In the case of Bangladesh, the orders received by large enterprises exceed their production capacity. Therefore, these enterprises are subcontracting more and more jobs to small and medium enterprises (P).

The result is that Bangladesh quickly ranks among the world's largest exporters of clothing, but one of the most serious industrial accidents in the world has also occurred in this country.

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Frank (Robert Frank), Professor of economics at Cornell University Cornell University, said that if the wages of other parts of the world rose rapidly, manufacturers would all rush to a place to engage in production, and the economy of this place would obviously be unable to bear the burden. Bangladesh seemed to be a bit like this.

He said that the speed of manufacturing gathering here is so fast that there is hardly any time for local adjustment.

Zara brand clothes were found at the scene of the latest factory fire in Bangladesh last week. INDITEX SA, the parent company of Zara, did not immediately respond to requests from reporters for comment.

In recent events in Bangladesh, a series of factory accidents have been discovered, including J.C. Penney Co., Benetton, WAL-MART (Wal-Mart Stores Inc.) and Loblaw cos.'s Joe fresh retailer.

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Many of these retailers, such as P J.C. Penney and WAL-MART, say they are gradually giving up factories that make production in multi-user buildings to process garments for them.

Loblaw said it plans to expand the scale of its factory audits.

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< p > Benetton said that a one-time order it handed to a factory in the collapsed building of Bangladesh was completed several weeks ago, and none of the companies in that building currently is a supplier of Benetton.

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Parke Mary Park, another shopper at Zara store, said she didn't care where the clothes she bought were produced. "P"

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"P", the 27 year old cosmetics salesman said, "I am from China, and manufacturing industry has always played a positive role in China."

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