February 11, 2009 1:49 PM

Rise Of The Fix-It Economy

By
Hari Sreenivasan
(CBS)  There is plenty around the country that needs fixing, reports CBS News correspondent Hari Sreenivasan.

In West Palm Beach, Judith Montrone is not waiting for the other shoe to drop. Instead, she is dropping off her shoes for repair.

"My daughter is out of work, my son is looking for work," she says. "My sister who is right here is out of work, and her boyfriend is out of work, too."

Daniel Catalfuno has been a cobbler for more than 70 years.

"A lot of 'em say they would never bother fixin' their shoes, they would throw them out," he says. "But now with things the way they are with the economy, they don't have ... they're tight for money. They're repairing everything they have."

At Catalfuno's shop, when times get tough, business steps right up.

Last November, the store brought in $16,000. This November, the store brought in $22,000 -- up 37 percent.

Scott Aherns of North Dallas Auto has been working on and under cars for nearly 20 years, and big repairs like transmissions and engine overhauls are up.

In 2007, he did 13. In 2008, he's already done 22. That's up 69 percent.

"Eighteen months ago, new engine? Forget it -- drag it over to the dealership and trade it in on something," Aherns says. "Where now a new engine can go 100,000 miles before it needs anything."

People are also trying to get more mileage out of their clothes.

Without A Trace Reweavers in Chicago has repair orders from all over the country.

"This is an Armani suit jacket, sport coat, and he got caught coming up out of a chair," Linda Mrkvicka from Without A Trace says as she shows off the jacket.

"What they're going to do is take material from the facing of the jacket and weave it in over this damaged area right here."

Last year, Without A Trace mended 5,900 pieces of clothing. This year, they've stitched more than 7,400 -- up 25 percent.

"This is the time where people are trying to save their clothes," Mrkvicka says. "They're not going out and buying new ones."

And photos show that even President-elect Obama could use a repair or two on his shoes -- welcome news for those in the fix-it business.

Copyright 2009 CBS. All rights reserved.
Add a Comment See all 31 Comments
by lordsuntzu January 2, 2009 2:00 AM EST
you dont really expect a liberal democrat to go to a protest against the evils of capitalism and oil by walking and wearing anything less than a prada??
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by mycommentspg December 30, 2008 3:37 PM EST
Conditions will be tough for the next 6-9 months if not longer. This is the the result of failure by Congress and members that have not been handling their responsibilities. That kind of non-action will continue until the public makes a decision to vote these members out of office. The economy will survive, but it will be a slow process. http://mycommentspage.blogspot.com/
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by mainedoggie December 30, 2008 3:37 PM EST
22 Grand a month? Jeezus... can I become a cobbler''s apprentice?

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by bobnjersey December 30, 2008 2:53 PM EST
[Things will never be like they were! Things have changed; its time to adapt and develop something new! We''''re in an economic revolution and its time to go on! Something new is here and we''''ve got to find it and make it work.]
[Posted by brannigon at 09:01 AM : Dec 30, 2008]

never say never. change is the only thing you can truly count on.
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by renonv5 December 30, 2008 2:45 PM EST
It''s about time. The he!! with the throw away economy which never made any sense. I know we as a people will survive, I question the rich and famous because they have gotten used to be catered to and those days will be gone first. They will be out there without a clue.
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by nikosk11 December 30, 2008 2:10 PM EST
Great, now we are being sold the "fix-it" economy, to replace the "service" economy, only "manufacturing" economy''''s create wealth. Lets make nuclear power plants, toys, textiles, shoes, furniture like the old days.

Posted by patriot2381 at 06:10 AM : Dec 30, 2008

Agree. Let us bring our country to the days after WWII when we were the envy of the world, until Reagan and the rest of the repukes came to power, then our country went down the tubes. GOP is the abomination of our proud nation.

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by ccdsswrkr08 December 30, 2008 12:55 PM EST
Rise Of The Fix-It Economy? When are we going to catch on? It can''''t be fixed; its too late! Things will never be like they were! Things have changed; its time to adapt and develop something new! We''''re in an economic revolution and its time to go on! Something new is here and we''''ve got to find it and make it work!


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Posted by brannigon at 09:01 AM : Dec 30, 2008

read the article before you post. They''re not talking about fixing the economy, they''re stating how the main industries that have NOT been hit hard by the recession are the ones who specialize in repairing things; cars, cloths, shoes, etc.
Reply to this comment
by prohb December 30, 2008 12:43 PM EST
What we should be focusing on is RESILIENCE

A RESILIENT PEOPLE-

* would be a frugal and energy conservation minded not because it''s the latest green fad but because it%u2019s wise and efficient and a normal part of their lifestyle.

* would be strong and courageous in the face of crises....... terrorists or a natural disaster. For the latter, they will respond intelligently (take a Red Cross first aid course for example) rather than just go whining and expecting the government to bail them out.

* will stay in shape so as not to jack up health care and energy costs.

* answer the call for SERVICE rather than just SHOPPING.
* A RESILIENT PEOPLE knows and understands their civic responsibility. They have an understanding what our Constitution is all about and THEY VOTE!
* And Finally, a RESILIENT PEOPLE has a CAN-DO attitude. We use our natural enthusiasm and creativity to solve our technical and social problems.
LET''''S BE A RESILIENT PEOPLE AND NOT A WHINING SHEEPLE!
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by brannigon December 30, 2008 12:01 PM EST
Rise Of The Fix-It Economy? When are we going to catch on? It can''t be fixed; its too late! Things will never be like they were! Things have changed; its time to adapt and develop something new! We''re in an economic revolution and its time to go on! Something new is here and we''ve got to find it and make it work!
Reply to this comment
by vanitydog December 30, 2008 11:55 AM EST
Clancy49 you got the first part right, the retardicans robbed us blind.
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