vintage may be green, but it is bad for the economy?

Some say that we've become a nation of shoppers, obsessed with endless spending, spending, spending and endless landfill to go with it. But, we fans of vintage like to think of ourselves as being above all that. We pride ourselves on keeping items out of the tip, preserving clothes for as long as possible and not 'indulging' ourselves in £2 t-shirts and disposable fashion from the high street. Looking good and looking after the planet at the same time. 

But is there a downside?

Vintage cuts out the manufacturing process, it's pure retail - which means no jobs for designers, pattern cutters, machinists, and so on and so on. The global economy is a finely balanced machine (ok, so it's out of whack at the moment), and aside from the banks, it's powered by jobs. If everyone starts buying vintage, could that have serious knock on effects for the economy?