How is it a position of privilege? It would mean that manufacturing in Europe would gain a lot of income, provide more lower skill jobs in Europe, consolidate the economy. Reduced shippings costs would directly go into the European economy.
I would like there to be more unions, otherwise large companies even in Europe are too powerful and too dehumanizing. If you don’t talk about this, it will only get worse.
Buying hand-made clothes from individual artisans is actually cheaper in Europe than well-known brands, but it sadly requires more research and time for searching.