Americans are spending less on clothing
European here: when visiting my company HQ I was surprised how casual Americans dress for work. I am not saying devs should wear suit and tie, nothing like that, but even my bosses boss* was wearing what looked like a rumpled sweater with worn out jeans. And I don't mean like fashion statement rumpled and worn out, more like the "great depression" crumpled and worn out. Jules and Vincent in their new t-shirts would fit in perfectly. Another thing I noticed was the absolute lack of color and variation in the outdoor clothing, at least in the morning at Manhattan, almost everyone - men and women - was wearing dark blue or black, no exceptions.*EDIT: clarification - I am talking about a VP in a $1b company.