3 ms·

I disagree with your random choice of causes. I would argue it's that there are more people now. While before X number of people were so into the limited number

I disagree with your random choice of causes. I would argue it's that there are more people now. While before X number of people were so into the limited number of Y, you are now competing for Y with 2X people, it Y is more valuable to them than to you. If we had twice the number of Disneylands/Pro-sports teams/Y's, prices would definitely go down.

mywittyname 4y ago
It's this + wealth inequality. The increased population growth means that an event that had to be affordable for a median income, now needs only be affordable for a 75th percentile income. Since median household income is around $68k and 75th percentile is 122k. A 75th percentile family can spend $50k on season tickets for a sports team, and still live an otherwise median income lifestyle. If wealth inequality wasn't so extreme, then such large price caps wouldn't be economically viable.