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-square60fedilinkarrow-up1275arrow-down14file-text
arrow-up1271arrow-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-square60fedilinkfile-text
minus-squarechonglibloodsport@lemmy.worldlinkfedilinkarrow-up9·4 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.