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An increase in the relative price of products from the low…

“An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers.” quote by Martin Feldstein
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“An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers.”

Martin Feldstein

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Higher prices for low‑wage imports reduce their appeal to U.S. buyers, potentially shifting demand.

In simple terms: Expensive cheap imports lose U.S. market share.

Key Takeaway

Consider domestic alternatives.

Themes

economics trade consumer behavior

Mood

analytical neutral

Type

economic policy

When to use this quote

  • policy making
  • business strategy
  • consumer education

Key Concepts

price elasticity global supply chains

Questions to Reflect On

  • Will higher prices truly change buying habits?
  • What alternatives replace cheap imports?
A Different Perspective

May ignore brand loyalty factors.

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