Lol, what nonsense. You sort of fail to account for the increase in disposable income from 1929 until 2010. And people buy a lot more different stuff now than in past years. Of course clothing expensitures is a smaller portion of income. How much were people spending on cell phones and computers during all those years?
Hey, take your graph back to the time when many people spun their own thread and weaved their own cloth and stitched their own clothing by hand.
Your graph is laughable and tells us nothing about the price to consumers of specific items of clothing or anything else over a period of time.
Disposable income increased despite the loss of apparel making jobs?
And people buy a lot more different stuff now than in past years.
Way back then people spent all their money on clothing? Now people have fewer clothes than in the past?
Here's what you said:
And prices on items that have been sold for years have doubled, tripled and quadrupled while production was being moved to cheap labor nations.
The facts, as per usual, do not back you up.
Americans purchase five times more clothing today than in 1980, but are not spending proportionally as much as they did then. The percentage of disposable income used on clothing has dropped over the years, likely as a result of low fashion prices, so our money goes further and style-conscious consumers can reap the benefits.
Clothes. Virtually every type of apparel has come down in price, thanks to cheap overseas factories that now crank out much of our clothing. The cost of apparel in general has fallen about 8 percent since 2000, with men's clothing down by about 12 percent and women's by 10 percent. The cost of kids' clothing has plummeted by about 27 percent. Even categories that have gone up in price, like footwear, jewelry, and women's dresses, have risen by less than inflation.
14 Things that are getting cheaper
You're world view of doom and gloom might be caused by your economic illiteracy. Might....