Re:How badly are we being ripped off on eyewear? Former indu...
by dalbasal on Tuesday March 05, 2019 @02:40PM
(#19313538)
It's complicated, inevitably. This is not just increased cost to the middle class (and anyone who wears glasses, presumably), it's also their income.
For the most part, price inflation is a result of and/or caused by increased spending. Complimentary optometry at the mall of your choice. Attentive salespeople standing at glass counters. Brand licensing galore. I would imagine there's a substantial corporate layer, social media coordinators... Profit too, of course. It sounds quite lucrative.
It's interesting to note that a lot of economists predicted we'd be working way less by now. Keynes is a famous example. It's interesting because the theories haven't changed much, and the assumptions keynes and others made about growth and efficiency were about right.
Modern economists generally explain this as "people had an unexpected ability to consume more." I get the impression their not entirely satisfied though.
For the most part, price inflation is a result of and/or caused by increased spending. Complimentary optometry at the mall of your choice. Attentive salespeople standing at glass counters. Brand licensing galore. I would imagine there's a substantial corporate layer, social media coordinators... Profit too, of course. It sounds quite lucrative.
It's interesting to note that a lot of economists predicted we'd be working way less by now. Keynes is a famous example. It's interesting because the theories haven't changed much, and the assumptions keynes and others made about growth and efficiency were about right.
Modern economists generally explain this as "people had an unexpected ability to consume more." I get the impression their not entirely satisfied though.