Economics of the Fast Fashion Industry
What were the three fast fashion companies mentioned in the video?
What is Shein, Forever 21, and Temu?
One study found that workers were paid how much per item?
0.03694 cents per item
How many packages entered the United States with a tax exemption?
685 million (2022 data)
What percentage of global carbon emissions come from fast fashion?
8–10% of global CO2 emissions
What is planned obsolescence?
"The practice of designing products to break quickly or become obsolete in the short to mid-term."
This encourages more purchasing and is banned in some countries.
How many liters does it take to make a single cotton t-shirt?
What is 2,700 liters?
*Second only to fruit and vegetable farming, fast fashion consumes 1.5 trillion liters of water every year