Yes, I am one of the people who has a preferred tailor who can do more than just let trousers waists out. I also know where the nearest cobbler is. That’s not normal, though.
A dead industry often doesn’t entirely disappear, it just shrinks a bunch and comes to rely entirely on enthusiasts or very rare actual need, rather than broad need or appeal. Consider the draft horse breeder, or the carriage driver. There’s a market for both professions! But they’re itty-bitty. The day-to-day need for both is gone.
Tailoring is hovering right in the edge of that kind of status, today. It’s dying, killed by $10-30 shirts and $20-50 trousers and $50-100 jackets all from largely synthetic materials, and a society that no longer expects anyone to wear anything “fancier” outside certain events.
I mean, outside very unusual circles, dinner jackets are essentially ceremonial costume-wear, and business suits aren’t far behind on that track. You gonna wear a tailored wool hacking jacket or breathable linen Norfolk suit on your camping trip, or a bunch of polyester and nylon stuff from REI? LOL. All the situational tailored clothing but the business suit and blazer are near-extinct unless you want to look like a cosplayer, and those are on borrowed time.
Yes, your message is coming from the pov of economics and business, as makes sense in this thread! That's my mistake, I took your message more sentimentally. I've used tailoring probably 5 times in my life, with the only recurring need being to hem pants.
"There is no money in tailoring" seems right. It's the "not all things need to make maximum $$$" that I speak to. You didn't pick this fight though, I did heh.
My (successful) friend tells me all about how amazing it is to collect very expensive watches. I just need to be a "watch guy" and I'll come to understand. Once my eyes returned from rolling out of my head, I did concede a great point he made: there is no reason for watch makers to exist anymore. The fantastically amazing history and evolution of time-keeping and personal time-pieces is now purely supported by rich people that care to subsidize the art form. And so, maybe I really do aspire to be a watch guy after all... hmm.