Yes I think the low thread count, cheap cloth, idiocracy style ad slogans, flimsy / poor fabrication standards, and lack of overall quality would be shocking to a mid-level peasant or artisan, let alone a noble or a patrician.
For that matter, a typical peasant in Germany / HRE in the 15th century owned at least a few acres of land, a middling (‘yokel’) standard was about 20 acres, a bauer had anywhere from 40-120 acres. How many Americans can say that today?
And a middling artisan in a Central European town owned his own workshop, tools, and had at least a few servants and apprentices. How many people meet that standard today?
No smart phones or internet though..