ooli@lemmy.world to A Boring Dystopia@lemmy.world · 14 days agoNow we know how much it costs to make a $2,800 Dior bagwww.businessinsider.comexternal-linkmessage-square60fedilinkarrow-up1274file-text
arrow-up1274external-linkNow we know how much it costs to make a $2,800 Dior bagwww.businessinsider.comooli@lemmy.world to A Boring Dystopia@lemmy.world · 14 days agomessage-square60fedilinkfile-text
minus-squarechonglibloodsport@lemmy.worldlinkfedilinkarrow-up9·14 days 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.