The End Of Throwaway Fashion
Many factors are contributing to hard times in the denim industry. These factors may encroach on the entire fashion world.
The Telegraph posted a story about Xingtang, a factory town in China. With 5,000 denim factories in the town, it produces about one-third of the world's supply of jeans. However, many factors are causing production to slow down or stop completely, leading to speculation that the entire fashion industry may soon follow in denim's footsteps.
Rising labor costs in China: China's middle class is growing. Less employees willing to work in the south, the need for more disposable income, and construction jobs that pay more is leading to workers demanding more money.