A Social Function of the Wealthy
Since I loathe shopping, I tend to stay out of stores. So it should not be a shock to learn that, as I browsed a computer store this past weekend, I was surprised to find big-box computer monitors missing from the shelves. Instead of those once-ubiquitous monsters, I found an amazing selection of flat screen monitors of all types and shapes.
And to think, not too long ago, flat screen monitors were quite expensive -- well beyond my penny-pitching ways. Now those monitors are a deal, really.
So today I read where the flat screen TV is being replaced by the ultrathin. Of course, the current price for the ultrathin is well beyond my ouch point. Nevertheless, many folks will buy this gotta-have item, setting in motion the free market process that quickly drives prices lower over time.
I fully expect my next TV to be a reasonably priced ultrathin (of course, if you know me, you know that my next TV purchase will likely be many years from now).
"Gagnon expects ultrathin models to be at a premium for another year or two, while manufacturers wring as much as possible from customers who are wealthy, early adopters of gadgets or especially design-conscious."
Yes. Wring from the wealthy and later provide for the masses. What a wonderful system, this free market.