Repairmen will benefit. So will tailors. So will show cobblers.
Last year when my ipod broke I just donated it to Goodwill and immediately bought a new one. Now maybe I would try to repair it.
And my guess is that there are a lot fewer repairpeople than there used to be … So I bet their fees will go up. They will have more business and their effective hourly wage will also increase … So they will be raking in the dough compared to their take-home pay in 2007. in fact, if your high school kid is looking for job security, you might want to tell her/him to skip social studies and concentrate on shop.