4/24/2025 at 9:51:59 PM
> The only difference? One was labeled “Made in Asia” and priced at $129. The other, “Made in the USA,” at $239. [85% more expensive]> And many are willing to pay a premium for domestically made goods. Nearly half (48%) say they’d be willing to pay around 10–20% more. 17% say they’d be willing to pay ~30% more for an American-made product over an imported one. - https://www.retailbrew.com/stories/2022/07/28/consumers-will...
The article does not say how many would pay 85% more, but since the number more than halved from 10% to 30% more, I would hazard not many.
by like_any_other
4/24/2025 at 10:02:57 PM
I suspect that those folks who answer survey questions of "would you pay more for made in the USA" with "yes" are thinking (if they are thinking at all) of paying $2 to $3 more on a $100 item, not paying $110 more on a $100 item.None of the surveys are ever crafted to ask: "How much more would you pay for a $100 item for 'made in the USA'?".
by pwg
4/24/2025 at 10:49:25 PM
It is largely pointless, in general, to survey people about how much they would pay for things. Taking such answers seriously has led a lot of companies to ruin. The whole point of pricing is that no one knows how much something is worth until it is actually selling (or not).by snowwrestler
4/25/2025 at 8:10:26 PM
Yeah isn’t this like the number one lesson for startups? People will say lots of things when there’s no money or reputations on the line.by cjaybo
4/24/2025 at 10:10:49 PM
The survey already used percentages. As for not thinking - it would seem to me worrying about the effects of one's purchases on the local economy, and the knock-on effects this has on sovereignty and politics, takes more thought than just short-sightedly picking the cheaper option no matter what.by like_any_other
4/24/2025 at 10:21:35 PM
Most people don't understand percentages.by dboreham
4/24/2025 at 11:12:28 PM
Maybe: Most American people don't understand percentages?by asfodelsu
4/26/2025 at 8:12:25 AM
Most people, no matter the place.A lot if people are surprised when they discover that 100 + 50% - 59% is not 100.
I do not like percentages myself, I would prefer we say 0.8 of something because the option becomes a simple multiplication and it is easier not to make mistakes
by BrandoElFollito
4/25/2025 at 3:26:25 PM
Most people. They teach doctors to use frequency representations (i.e. 12 of 100) for a reason.by disgruntledphd2
4/24/2025 at 10:10:34 PM
> Nearly half (48%) say they’d be willing to pay around 10–20% more.$110-120 for a $100 item, no?
by manmal
4/25/2025 at 12:22:55 AM
I believe they meant an additional $110, which would be a 110% markup.by aadhavans
4/25/2025 at 1:17:09 AM
Why do you believe this?by pseudalopex
4/25/2025 at 1:35:29 PM
https://news.ycombinator.com/item?id=43787992> of paying $2 to $3 more on a $100 item, not paying $110 more on a $100 item
$110 more on a $100 item would be $210. I have no idea where pwg got the “$110 more”, though. Seems the in-context comparison would be “$85 more”.
by lcnPylGDnU4H9OF
4/25/2025 at 6:42:15 AM
Probably because that’s approximately in line with the article.by d1sxeyes
4/24/2025 at 10:22:17 PM
Quality is also an undefined variable, because people may pay 10% more for an American made product that is of comparable quality, but they may also be willing to pay 110% more if the Asian counterpart is poor quality.When you’re using the same exact photos, there’s no discernible quality difference.
by goodluckchuck
4/25/2025 at 2:21:55 AM
Ironically, perhaps, but in 2025 I'd argue the Asian counterpart would probably be of higher quality, at least in the initial transition back to US manufacturing. AND it would be cheaper.by secstate
4/25/2025 at 2:17:45 AM
It's like when people say they'll pay extra for more legroom but only book the cheapest possible tickets.by tedunangst
4/25/2025 at 10:46:09 AM
Legroom is mostly overpriced, people would be more willing to pay if it was properly priced. Paying 50% more doesn't get you 50% more area in the plane.by Jensson
4/25/2025 at 9:59:59 AM
I’ve never done that - I have flown a lot in my life, much of it internationally and the flight times / fewest number of layovers trumps cost.by apercu
4/25/2025 at 9:45:42 PM
£70 on a £100 ticket? Yeah no wonder! They're too poor after paying £100 for a checked bagOr long haul premium economy which is just absurdly priced now, often 100-200% more than economy.
by switch007
4/24/2025 at 10:23:12 PM
Americans in the market for a "premium" shower head are clearly not looking for the cheapest thing on the market. So it's obvious that they would be willing to spend more for the added feel-good of a domestic product.by benwilber0