Re:My second year without a job
by detourdog on Saturday December 07, 2024 @01:35PM
(#42351756)
We definitely live in a time when one can create their own inflation. Khaki's in the USA can range from sub $50 to $900+. One can decide what is the correct price for our pants.
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It's called lifestyle creep. Housing and transportation are the two most impactful items, which can scale from $20k/yr to $20m/yr smoothly.
I think lifestyle creep is too general of a description.
The difference between $900 pants and $50 pants is more than lifestyle creep. I see it as indicative of a stratified society. Previous times had wealthy paying more for clothes but it showed in workmanship or materials.
In the words of Lucille Blutb:
How much could a banana cost, $10?
I see Lifestyle creep as an individual gradually spending more for meals and cloths
Not that I really go to Vegas much any longer (thank the stars!) but when I did for conferences regularly, I'd go into some of the shopping malls and would be (not really literally but close) "I couldn't afford a single thing in this store!"