How does it change our economy?
Photo by Towfiqu barbhuiya on Unsplash
Buying your next T-shirt could feed households and reduce poverty in many countries in the Asia-Pacific (APAC) region, also known as “the clothing factory of the world”. In 2019, 65 million people worked in the APAC clothing manufacturing industry — that’s every seven out of 10 workers worldwide.
Fast fashion makes a lot of money for trend-driven fashion companies. It’s almost a vicious cycle as more clothes are produced, the more consumers want to buy. No wonder the industry is key to the economic and social development of many developing countries.
Would this affect the price? Is there such a thing as cheap and good? Here’s more to think about.
Want to know more about the economic impact?