Americans want U.S. goods, but not willing to pay more: Reuters/Ipsos poll

Americans want U.S. goods, but not willing to pay more: Reuters/Ipsos poll″>View Source

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  1. Skensis

    July 19, 2017 at 3:46 am

    I personally buy on quality (mostly), if it’s made in China or made in Kentucky I really don’t care. As long as the actual good is good “hehe” I’m happy.

  2. TitaniumDragon

    July 19, 2017 at 3:46 am

    Yeah, that’s why we mostly make expensive capital goods or stuff which we can cheaply mass produce with machines here.

  3. 1000_Louisiana_77002

    July 19, 2017 at 3:46 am

    That’s okay, [hopefullly the Chinese will pay](

    If this plays out on a bigger scale, it should get interesting.

  4. Anhanguera

    July 19, 2017 at 3:46 am

    “Americans want to have their cake, and eat it too”. Don’t we all? There’s no big insight here. Just the same old friction where diverging preferences encounter, and a dynamic and everchanging equilibrium. Which we try to model for academic purposes.

    edit: forgot a word there

  5. Locke92

    July 19, 2017 at 3:46 am

    Americans don’t understand globalization, news at 11.

  6. _youngmoney

    July 19, 2017 at 3:46 am

    Its like Trump’s rhetoric leads us to believe he has no idea what comparative advantage is.

  7. technojesus5K

    July 19, 2017 at 3:46 am

    It’s kind of a chicken and egg situation. More Americans would be willing to pay more for American made goods if there was more upward pressure on wages, which there would be if more Americans bought American made goods.

  8. BuboTitan

    July 19, 2017 at 3:46 am

    1. Americans want U.S. goods, but not willing to pay more

    2. Americans want higher minimum wage, but not willing to pay more

    3. Americans want tighter environmental rules, but not willing to pay more

    This really is not a partisan issue.

  9. supersayanssj3

    July 19, 2017 at 3:46 am

    Title was like my first realization when I got about four weeks into studying econ LOL.

    The sad part is you can’t just explain it to people to shut them up.

    They don’t care.

    They want American made products, for the same price as the Chinese ones, while demanding the firm pay the American workers an above equilibrium wage.

    It’s bonkers.

  10. autotldr

    July 19, 2017 at 3:46 am

    This is the best tl;dr I could make, [original]( reduced by 92%. (I’m a bot)
    > A Reuters/Ipsos poll released on Tuesday found 70 percent of Americans think it is "Very important" or "Somewhat important" to buy U.S.-made products.

    > Twenty six percent said they would only pay up to 5 percent more to buy American, and 21 percent capped the premium at 10 percent.

    > Lower-income Americans were the most enthusiastic about buying U.S. goods, the poll showed, despite being the least able to afford paying extra for them.

    [**Extended Summary**]( | [FAQ]( “Version 1.65, ~169855 tl;drs so far.”) | [Feedback]( “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **percent**^#1 **AMES**^#2 **U.S.**^#3 **good**^#4 **more**^#5

  11. atomicUpdate

    July 19, 2017 at 3:46 am

    > Some rubber makers still manufacture solid rubber tires in the United States, but the last time AMES bought any they cost nearly twice the roughly $7 they pay for a Chinese tire, a big added cost for a wheelbarrow that often retails for less than $100.

    The hypocrisy is funny. Even the factories that want more people to buy American are willing to compromise on quality to get something cheaper.

    > In 2012, High Point, North Carolina-based Stanley Furniture Co brought back production of cribs and other baby furniture from China to a U.S. plant, wagering that parents worried about a string of Chinese factory quality scandals would pay $700 for cribs nearly identical to imports selling for $400.

    > Customers refused to bite, however, and the High Point factory closed in 2014.

    It’s interesting that American made costs twice as much for both cribs and tires, and in both cases, the Chinese product is good enough at half the cost and that the American factory ends up shutting down.

  12. Nefandi

    July 19, 2017 at 3:46 am

    If people were told they’d make 20% more salary with better benefits and stability, but also had to pay 10% more for the stuff they buy, of course they’d agree.

    The flip side of the more expensive locally produced stuff is better jobs that pay more, or at least, that *should* be the flip side, if the capitalists don’t continue capturing all the gains like they have been doing.

    How was it before the so-called “cheap” stuff showed up? Did people really suffer economically? Not at all. Not unless we go back to the Great Depression, which is a situation of wealth inequality similar to the present situation.

    Besides, a lot of things got more expensive anyway. The “cheap” narrative is shaky. Just because computers got cheaper doesn’t mean everything else did too.

    Would people be willing to pay 4k for a computer, like in the old days, if they could buy a house for 100k in a nice location? And if high school teachers had 90k jobs at the peak of their earning potential?

  13. I_The_People

    July 19, 2017 at 3:46 am

    Which means we need Mexicans to come here and make them for less than minimum wage, not a wall

  14. ThatBedObamaSleptIn

    July 19, 2017 at 3:46 am

    Ironically, americans already pay what is required to turn a profit in the US. It is excessive profit-taking which drives production offshore, not a complete lack of profit.

    You might not get 1$ hammers and sunglasses at Dollar Tree, but only a small portion of the population takes advantage of these ultracheap products of globalization. Most are one-upper brainwashed consumers trained from birth to base their self worth on what they spend. And they spend A LOT.

    Most Things can be made profitably in the US for what americans are already spending. the ” Are you willing to pay 100 DOLLARS for JEANS ” stuff are just business talking points.

  15. modsarevirgins

    July 19, 2017 at 3:46 am

    also they want to cheap out and buy cheap chinese made products then cry about how shitty chinese made products are but never admitting that it was their fault the entire time. there’s a reason almost all american manufacturing companies closed. americans didnt want to buy american.

  16. xSGAx

    July 19, 2017 at 3:46 am

    haha, of course.

    basically the american mindset: we want change….but not really

  17. vertigo3pc

    July 19, 2017 at 3:46 am

    Another way of looking at this:

    Almost 40% of respondents would not pay a premium for goods Made in America, but over 60% would pay a premium of some kind.

    Am I reading these numbers right? The people who would pay 100% more don’t seem to be included in the 50% more category, and the 100% and 50% aren’t included in the 25% category. How was the survey structured, because it looks like the majority of Americans WOULD pay a premium, up to 47% would pay up to 10% premium.

  18. imiiiiik

    July 19, 2017 at 3:46 am

    big surprise

  19. malhotraspokane

    July 19, 2017 at 3:46 am

    Next poll: Employers want to hire US workers, but not willing to pay more.

  20. 0xD153A53

    July 19, 2017 at 3:46 am

    In other news, Americans like a free market, but don’t like the fact that means jobs move offshore…

  21. senatorpjt

    July 19, 2017 at 3:46 am

    37% not willing to pay more. Anyway, personally, I am willing to pay more for a product made in country that is on a level playing field with the U.S., but not willing to pay more over them for U.S. goods.

    For instance if I have the choice of three cars: built in Japan, the U.S. and Mexico, I will pay more to buy the U.S. or Japanese car over the Mexican car, but I will not pay more to buy the U.S. car over the Japanese car. Oddly enough that means I end up buying Japanese cars made in the U.S., because the “U.S. cars” are made in Mexico.

  22. bobbyfiend

    July 19, 2017 at 3:46 am

    “Americans want X but not willing to pay more.”

    In my experience, X is a very large set.

  23. VaginaWarrior

    July 19, 2017 at 3:46 am

    It takes more money to spend more money. We aren’t doing so hot financially, most of us Americans.

  24. DisposableAccount09

    July 19, 2017 at 3:46 am

    Doesn’t it really depend on how much more?

    A Moto E costs $130.

    If it, and most of it’s components, could be made in the US and sold for something like $150-160… Sure I’ll pay that.

    If it ended up being like $300 to be made in America, no thanks.

  25. drwumpus

    July 19, 2017 at 3:46 am

    …still demand higher wages

  26. FragRaptor

    July 19, 2017 at 3:46 am

    Would have been nice if we could have halved certain expenditures like healthcare or college so working class Americans can afford US products, but that’s none of my business

  27. DrMaxCoytus

    July 19, 2017 at 3:46 am

    To me, this just shows how protectionism and nationalism can affect a population that buys into such ignorant rhetoric.

  28. hippiechan

    July 19, 2017 at 3:46 am

    The natural question that stems off of this is, “Who’s taking a pay cut to pay for cheap American goods?”

  29. texasyeehaw

    July 19, 2017 at 3:46 am

    Americans not willing to pay more. 15 dollar minimum wage. Inflation. Purchasing power. Head explodes.

  30. battle

    July 19, 2017 at 3:46 am

    Maybe if the government lowered taxes and slacked off with all the regulations on businesses that would actually happen.

  31. CommunismWillTriumph

    July 19, 2017 at 3:46 am

    Well with something like basic income the U.S. could definitely switch to domestic manufacturing. It would be a lot better for the environment too.

  32. reidsrus

    July 19, 2017 at 3:46 am

    That is why we need more immigration. So, we can get the cheap labor. Goods are going to get even cheap when robotics are at hand. Then labor will be a small component of the cost when the immigrants are fired. I guess the government support system will then to subsidize the guys the immigrants replaced and then the immigrants themselves.

  33. tkhan456

    July 19, 2017 at 3:46 am

    Well if our fearless leader keeps going like he is, we won’t have any regulation and should be able to have sweatshops again in no time!

  34. AnonymousMaleZero

    July 19, 2017 at 3:46 am

    This is the reason trickle down economics doesn’t work.

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