Who killed the rave? Late-night dancing falls into global decline

Re:Who killed the rave? Late-night dancing falls into global... by lolinder on Wednesday January 08, 2025 @02:33PM (#42637623)

I have a strong suspicion that a lot of it is the rise of the two income household. In the early years it increased household buying power, but as it became the norm many services began raising prices because people could actually afford to pay them now. So the net result is that the increased productivity from nearly doubling the workforce turns into higher and higher executive salaries while the average middle class household is now roughly back where we started, with the added burden of a whole second career.

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Re:Who killed the rave? Late-night dancing falls into global... by Earw0rm on Wednesday January 08, 2025 @03:17PM (#42638018)

Yeah, and property is a positional good. Its price is a function purely of willingness to pay. So if you double household income, and perhaps quadruple theoretical discretionary income (after food, energy, gas and so on), give it 40 years and real-estate inflation eats the damn lot.

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Re:Who killed the rave? Late-night dancing falls into global... by sir0010010 on Wednesday January 08, 2025 @04:14PM (#42638522)

The price of every good and service is a function both of willingness to pay and supply.

Positional goods cease to be so if you substantially increase their supply - this is why Rolex, Gucci, etc are constantly worried about knockoffs.

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Re:Who killed the rave? Late-night dancing falls into global... by Earw0rm on Thursday January 09, 2025 @02:37AM (#42642726)

Yes, if you can substantially increase supply in the top decile or quartile, in terms of desirability.

That's difficult, for all sorts of reasons. NIMBYs protecting their investment is one aspect, but the maths of density, transport infrastructure and travel times is another big deal.

Walkable, interesting downtowns AND big floorplans AND low taxes AND abundant supply within a short travel time is a tough set of constraints.

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Re:Who killed the rave? Late-night dancing falls into global... by geodel on Wednesday January 08, 2025 @06:46PM (#42639874)

Yes, this seems to make lot of sense. Initially second income maybe additional savings, day-to-day conveniences, some extra luxuries etc, now it is part of survival.

Since second job is sold as "freedom from household drudgery" and GDP booster it can't really be challenged.

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