Before capitalists understood the value of Chinese labor, the garment industry was fruitful with fabric makers to tailors to seamstresses during the 70s to 80s. Fast forward to 2009, when only 5% of clothing is manufactured in the United States — down from 75% in the mid-60s. What’s the moral of the story? The Garment Industry is desperate to conserve its nearly depleted oxygen. ‘Schmatta: Rags to Riches to Rags,’ on HBO Monday night 9pm EST, documents and educates fashionistas about this failing industry with a brief glimpse through New York City’s Garment District history.