4 ms·
It's a branding strategy. The psychology of Veblen goods is fascinating. See example below. "Things changed in the 1960s, with McKinsey leading the way. In 19
by rmrfstar 6y ago
It's a branding strategy. The psychology of Veblen goods is fascinating. See example below.
"Things changed in the 1960s, with McKinsey leading the way. In 1965 and 1966, the firm placed help-wanted ads in The New York Times and Time magazine, with the goal of generating applications that it could then reject, to establish its own eliteness."
https://www.theatlantic.com/ideas/archive/2020/02/how-mckinsey-destroyed-middle-class/605878/ https://www.theatlantic.com/ideas/archive/2020/02/how-mckins...
- bobwernstein 6y agoIf you need ads to attract applicants in the first place then you're the opposite of elite. Your lobby should be stocked 24/7 with hungry applicants without you even having a brand presence. That's elite.