4 ms·
The conclusion of "declining middle class" doesn't follow from the article. Disney theme parks can only admit so many people per day (scarcity) and for Disney f
by floundy 1y ago
The conclusion of "declining middle class" doesn't follow from the article. Disney theme parks can only admit so many people per day (scarcity) and for Disney fans there's no real replacement Mecca (inelasticity). This is simple supply and demand. It's not a market failure, because nobody is missing out on anything by not going to Disney.