http://finance.yahoo.com/news/Clothing-prices-to-rise-10-apf-3665134256.html?x=0
Clothing prices have dropped for a decade since inflation has stopped and cheap overseas labor helped keep down costs. Retailers and clothing makers cut frills and experimented with fabric blends to cut prices during the recession. But as the economy recovers and demand for goods rises, a surge in labor and raw materials costs is squeezing retailers and manufacturers who have run out of ways to keep costs lowered.
Cotton has more than doubled in price over the past year, hitting all-time highs. The price of other synthetic fabrics has jumped roughly 50 percent as demand for alternatives and blends has risen. Clothing prices are expected to rise about 10 percent in coming months, with the biggest increases coming in the second half of the year.
This has to do with government because all product prices are going to begin to rise with the improving economy.
I think that this sucks because clothes are already pretty expensive. It;s not like we have a choice to buy them it's necissary to wear them. I don;t think the economy will actaully improve if no one can afford to buy the things that they need or want.
I agree that it sucks that they're putting prices up when the economy is still bad. Jobs are super hard to find and people don't get raises like they use to either. The price of living like groceries, gas and clothing is going up, but peoples pay isn't going up. A lot of places aren't hiring and some are still laying people off or letting people go from jobs. I think we're just screwed.
ReplyDeleteThe economy has hurt a lot of people and many are struggling. This is not going to make it any better. People are now going to have a hard time buying clothes. People are still out of jobs and everything is getting more and more expensive.
ReplyDeleteYea it sucks. People already spend enough money trying to buy clothes, and for the prices to rise really hurts financially...Everyone is saying that the recession is over and the economy is getting better, but yet some people arent even seeing it. How do we expect the economy to be getting better when gas prices are rising to almost $3.50. Just because the economy is "getting better" does that mean that everything else must rise in price?
ReplyDeleteThis really sucks! I won't buy any name brand clothes Bc of the price is to high and not worth it. I don't understand how they can be so pricy and just Bc it has some logo on it. This is not fair to those who have lost jobs and really have been make ends meet during the last couple of years.
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