Repair Beats Replace : Planet Money Business is up at a California company that fixes water pumps.
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Repair Beats Replace

Seen in the Bucktown neighborhood, Chicago. simonk/NPR/Planet Money Flickr pool hide caption

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simonk/NPR/Planet Money Flickr pool

Curtis writes:

Well, I can say I have good news. In California where I reside, I earn a living servicing water pumps -- BIG pumps. As water restrictions increase, so does the emphasis on better control of the water. This stretches from the golf industry to the municipal water industry.

There is a slight diversion of purchasing strategy, repair rather than replace.This feeds a blue collar industry in the local region.

It used to be, when money was loose, replace with new was the norm. If the repair was 75 percent of the cost of replacement a new motor was ordered, the old motor was scraped, and the country of origin (Mexico, China, Taiwan) benefited. These beautiful USA built, 50 year old, 200 horsepower motors, were going to the scrap heap.

Now the repair industry is swamped.