
If you happen to be in need of a new toaster, you could pop over to Home Depot later today and pick one up for less than $30—or less than $50 if you're looking for a fancier design or the ability to brown more than two slices of bread at once.
That's great. Cheap, abundant kitchen appliances are one of the truly wonderful things about modern America, and they are possible because we can take advantage of global trade and the efficiencies made possible by outsourcing low-level manufacturing. As a result, most Americans can afford to replace their toaster without a second thought, since $30 is roughly the average wage for an hour of work right now.