The economics and behaviors may change, but the need won't go away.

If Khrushchyovkas are ugly but efficient apartments, then let's call the hair style a "Khru cut" hee hee hee.

Automobiles replaced horses, did I miss the memo on something replacing hair growth?

Men have been giving it a shot for a while, but unfortunately being half bald hasn't yet resulted in commensurate reductions in haircut prices compared to other men. It seems like there's a business opportunity there for a business model based on prices weighted by hair quantity.

Horses and barns still exist as a luxury, and that could be the fate of fancy cuts too.

All we're seeing is a population struggling to accept their dollar is rather suddenly worth much less, there's a significant latency to such things sinking in. It can even be generational, some people never learn.

Case in point: When I bought some land in 2018 I paid the asking price, which I thought was perfectly reasonable vs. FMV. When some neighbors came by and welcomed me to the neighborhood, they asked what I paid. When I told them they were shocked and said I overpayed by a lot. This was in 2018, pre-pandemic prices, and the neighbors were an elderly couple who had once owned multiple properties on the block. Their perception of FMV was completely out of touch with reality, and just months later nearby properties similar to mine were selling for 20-50% more than I had paid, still pre-pandemic. Now that the pandemic has completely shocked everything from increasing demand for rural property accessible to city centers, to printing what, trillions of dollars? My place would sell for over double what I paid in 2018, and my elderly neighbors would still be believing it's worth less USD than I paid in 2018, if they were still alive.

Sure, just as is their demand for horses.

> All we're seeing is a population struggling to accept their dollar is rather suddenly worth much less, there's a significant latency to such things sinking in. It can even be generational, some people never learn.

https://twitter.com/JWMason1/status/1426245765437952010 it's far from universal across prices. The fact we where so much about prices and not about wages indicates a big bias in which these yeomen-presenting small businesses control the narrative.

I don't own a car, I don't pay for gas. I haven't noticed anything out of the ordinary, even with haircuts. If my haircut price did go up, and the barber's wage did too. I do not resent it.

I've definitely noticed prices going up, but have been mostly dismissive of it as either being pathologically pandemic-caused and likely temporary (lumber prices for instance, I happened to be building a new roof throughout the pandemic) or opportunistic vendors not wanting to let a good crisis go to waste and gouging in the fog of the pandemic (a local organics market abruptly increased orange prices 300%/lb a few months ago, without even updating the displayed price).

And you can already find numerous news articles documenting cases of "shrinkflation" in staples like cereals [0], which is just a sneaky way of raising prices. I haven't personally noticed this since I don't consume such goods, but that doesn't mean it isn't happening.

My assumption is cost of services rendered by small businesses will be more variable and laggy in responding to the reality. Some will delay increasing prices, some will aggressively do so while the pandemic scapegoat is still fresh, some will just close their doors. When it comes to cases delaying price increases, they'll no doubt be exploring all avenues like cutting staff/hours/wages to eat the difference. The problem is, those cases dragging their feet on raising prices, their mentality likely reflects the mentality of their clientele/community. It's a collective of people operating in denial that shit's getting expensive, and yes, your $50 gets you a haircut, go ask for a raise, USD is inflationary.

[0] https://www.npr.org/sections/money/2021/07/06/1012409112/bew...

Are you saying that you see the lack of correlation of the prices in the chart not as evidence inflation is over hyped, but as evidence of an inflation that is still working it's way through the supply chains?