ooli@lemmy.world to A Boring Dystopia@lemmy.world · 4 months agoNow we know how much it costs to make a $2,800 Dior bagwww.businessinsider.comexternal-linkmessage-square59fedilinkarrow-up1268arrow-down14file-textcross-posted to: [email protected]
arrow-up1264arrow-down1external-linkNow we know how much it costs to make a $2,800 Dior bagwww.businessinsider.comooli@lemmy.world to A Boring Dystopia@lemmy.world · 4 months agomessage-square59fedilinkfile-textcross-posted to: [email protected]
minus-squarechonglibloodsport@lemmy.worldlinkfedilinkarrow-up8·4 months agoYes, these are Veblen goods. People buy them to signal status. The more expensive they are — and the more conspicuous they look — the stronger the signal they send.
Yes, these are Veblen goods. People buy them to signal status. The more expensive they are — and the more conspicuous they look — the stronger the signal they send.