The inflation in luxury goods is staggering. High school kids used to be able to afford concert tickets, football games, and Broadway plays. That Phantom was a year’s salary for a school teacher; now the most expensive cars are twenty year’s salary. It’s not that the products are so much better; there’s a larger pool of very wealthy people. In 1960, if a man’s wife had a job they were considered ‘poor.’ Today, even professionals need two salaries to keep up with the Joneses
Outside of issues caused by Ticketmaster, there’s also just a lot more people who want to see only a few performers. It seems like there’s always a couple of names that are so overwhelmingly popular. Add to that the ease at which people can travel hundreds of miles, and your demand outpaces supply.
Property costs are probably the biggest factor that is affected by a larger population. We’ve got more people but everyone still wants to live in the same areas (and we’re bad at increasing the density of housing in these areas).
Yeah the pricing of cars has really expanded. It used to be $1000-10,000 covered basically all the new cars in 1960. Now it’s closer to $10,000-$10,000,000. Although I wonder if the distribution actually looks about the same.
The inflation in luxury goods is staggering. High school kids used to be able to afford concert tickets, football games, and Broadway plays. That Phantom was a year’s salary for a school teacher; now the most expensive cars are twenty year’s salary. It’s not that the products are so much better; there’s a larger pool of very wealthy people. In 1960, if a man’s wife had a job they were considered ‘poor.’ Today, even professionals need two salaries to keep up with the Joneses
Outside of issues caused by Ticketmaster, there’s also just a lot more people who want to see only a few performers. It seems like there’s always a couple of names that are so overwhelmingly popular. Add to that the ease at which people can travel hundreds of miles, and your demand outpaces supply.
Property costs are probably the biggest factor that is affected by a larger population. We’ve got more people but everyone still wants to live in the same areas (and we’re bad at increasing the density of housing in these areas).
Yeah the pricing of cars has really expanded. It used to be $1000-10,000 covered basically all the new cars in 1960. Now it’s closer to $10,000-$10,000,000. Although I wonder if the distribution actually looks about the same.