Conspicuous Consumption and The Era of Excess // Book Summary of 'Luxury Fever' - Right Attitudes
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Conspicuous Consumption and The Era of Excess // Book Summary of 'Luxury Fever' - Right Attitudes
It sounds a little silly, but making high earners feel better in just about every part of their lives will be a major source of job growth in the future. At some point it is hard to sell more physical stuff to high earners, yet there is usually just a bit more room to make them feel better. Better about the world. Better about themselves. Better ab
... See moreTyler Cowen • Average Is Over: Powering America Beyond the Age of the Great Stagnation
We often attach value to things simply because they're hard to get. People will be more attracted to a painting if it costs $3 million than if it costs $3. The price becomes a feature of the product in that it allows the buyer to signal affluence to others.
Gurwinder • 40 Useful Concepts You Should Know
8. The Big Stretch. Rising incomes among a small group of Americans led to that group breaking away in lifestyle. They bought bigger homes, nicer cars, went to expensive schools, and took fancy vacations.