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But now cheaper labour is available in eastern Europe.
"Good news, smile," he says in the clip above, because sugar and rice are now cheaper.
If it falls, the household has lost wealth but the local market is now cheaper.
RAC Club said that oil is now cheaper than bottled water.
Yet by many measures the Japanese yen is now cheaper than the Chinese yuan.
In fields from Iowa to Texas, wind power is now cheaper than dirtier, conventional power.
"The joke today — McDonalds' default swaps are now cheaper than America's default swaps.
Renewables are now cheaper than fossil fuels and they create many more jobs.
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(As prices drop, their incomes drop too, keeping the now-cheaper services still out of reach; a vicious circle).
For America, Europe and elsewhere the effect will be meagre: weaker markets for some exports, tougher competition from some now-cheaper Asian imports.
The headline in this week's San Jose Mercury News, "Harvard Now Cheaper Than Cal State," may have shocked many across the country.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com