And yet the wealthy still spend 3 to 10 days of low wage income on designer clothing. It's interesting that in some domains there is not diferencial there is n

And yet the wealthy still spend 3 to 10 days of low wage income on designer clothing. It's interesting that in some domains there is not diferencial there is no 10k iphone and you can get a massive TV fairly cheaply. And yes commodity clothing is cheep. If it was not already obvious we create new forms of value that shift as commodity product become common place or mas market items. That shift to new forms of value inherently depends on scarcity and that scarcity can only exist as a sum of non-commodity goods, creating new opportunities to fill that pursuit of diferencial value and experience.