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Isn’t this all driven by supply and demand? If people really were making less and willing to pay less for these activities, wouldn’t the companies automatically

by tonmoy 4y ago

Isn’t this all driven by supply and demand? If people really were making less and willing to pay less for these activities, wouldn’t the companies automatically start cutting costs, make the products inferior and lower prices? Doesn’t this analysis only tell us that people today are more willing to (or able to) spend more compared to their income (maybe people save less or spend less taking care of their elderly or something)

scottLobster 4y ago
Or the industries are moving up-market. You have to go where the money is, and as the years go by there's less and less of it in the traditional "middle class". I also wonder if easy access to credit pays a roll. Credit cards were simply harder to get back in the day (partially tied to interest rates), which means a lot more enforced savings. Nowadays even someone with marginal credit can get a $1000 limit, blow out the card and pay 20+%/month on a baseball game they couldn't afford in the first place. But the ball park/team won't care, they got their money.
f6v 4y ago
Or maybe there’s unequal wealth distribution. Someone might be willing to pay but can’t make that much. One example is software engineer vs mailman.
dfxm12 4y ago
Probably not, especially when dealing with families. Notice how the tickets are relatively cheap and usually have gone up the least? You get marketed the cost of the ticket, which might look reasonable, but then the cost of add-ons, like beer, parking, etc., are hidden from you. That's where the biggest increases are. You, as an adult might have some foresight and self control to think, OK, I'm going to eat before I get there and I'll buy cheap merch at the store after the fact if I had a really good time, but they know that you probably won't say no to your kids who want a popcorn, a soda and to get the limited edition hat, all at outrageous markups...
judge2020 4y ago
They would, the point of this article is that the upwards pricing without upwards wages means more and more people can't afford the vacations. Unless they just build in more capacity (which they do where they can[0-2], although DisneyLand is quite constrained in terms of real estate), the demand is increasing much faster than that capacity and thus the prices are increasing to match what the market will bear. 0: https://insidethemagic.net/2012/06/double-dumbo-debuts-at-the-magic-kingdom-offering-walt-disney-world-guests-twice-the-flying-elephant-fun/ https://insidethemagic.net/2012/06/double-dumbo-debuts-at-th... 1: https://thedisneyblog.com/2015/03/06/epcots-soarin-to-add-third-theater-and-upgrades/ https://thedisneyblog.com/2015/03/06/epcots-soarin-to-add-th... 2: https://www.themeparkinsider.com/flume/201605/5083/ https://www.themeparkinsider.com/flume/201605/5083/

by tonmoy 4y ago

scottLobster 4y ago

Or the industries are moving up-market. You have to go where the money is, and as the years go by there's less and less of it in the traditional "middle class". I also wonder if easy access to credit pays a roll. Credit cards were simply harder to get back in the day (partially tied to interest rates), which means a lot more enforced savings. Nowadays even someone with marginal credit can get a $1000 limit, blow out the card and pay 20+%/month on a baseball game they couldn't afford in the first place. But the ball park/team won't care, they got their money.

f6v 4y ago

Or maybe there’s unequal wealth distribution. Someone might be willing to pay but can’t make that much. One example is software engineer vs mailman.

dfxm12 4y ago

Probably not, especially when dealing with families. Notice how the tickets are relatively cheap and usually have gone up the least? You get marketed the cost of the ticket, which might look reasonable, but then the cost of add-ons, like beer, parking, etc., are hidden from you. That's where the biggest increases are. You, as an adult might have some foresight and self control to think, OK, I'm going to eat before I get there and I'll buy cheap merch at the store after the fact if I had a really good time, but they know that you probably won't say no to your kids who want a popcorn, a soda and to get the limited edition hat, all at outrageous markups...

judge2020 4y ago

They would, the point of this article is that the upwards pricing without upwards wages means more and more people can't afford the vacations. Unless they just build in more capacity (which they do where they can[0-2], although DisneyLand is quite constrained in terms of real estate), the demand is increasing much faster than that capacity and thus the prices are increasing to match what the market will bear. 0: https://insidethemagic.net/2012/06/double-dumbo-debuts-at-the-magic-kingdom-offering-walt-disney-world-guests-twice-the-flying-elephant-fun/ https://insidethemagic.net/2012/06/double-dumbo-debuts-at-th... 1: https://thedisneyblog.com/2015/03/06/epcots-soarin-to-add-third-theater-and-upgrades/ https://thedisneyblog.com/2015/03/06/epcots-soarin-to-add-th... 2: https://www.themeparkinsider.com/flume/201605/5083/ https://www.themeparkinsider.com/flume/201605/5083/