sure milo, i'll spend 10 or more hours knitting a mobius strip scarf for less then $50. Why i just want to jump at the chance to use a specialized skill to earn less than minimum wage!

most 'hand knit' stuff today is from china. people there are forced to work for less than living wages. in terms of time,
a scarf =2 to 10 hours
a sweater 10 to 100 hours
a hat 2 to 5 hours
a pair of socks 4 to 7 hours

you might not like the hand knit gifts you recieve, but there are many hours of work involved on making them.

(but knitting is FASTER than setting up loom, weaving, cutting, fitting, sewing a garment together.) in times past, knitting was generally clothing for the poor. the very rich (ie royalty) some times had 'specialty' knitting, like King Charles' (he with out head)knit silk undershirt, but generally speaking knitting is a folk craft.