| This in spades. As a very real example, my family was not very well off growing up. My parents could typically only afford used Chrysler cars. The result was invariably getting stuck with vehicles that quite frankly were at least as expensive as the competition after repair costs and extra insurance. And, speaking as someone who thankfully doesn't have to worry nearly as much about such things thanks to the sacrifices my parents made... The DIFFERENCE in quality of life changes too. Its not just the cost of buying the cheap stuff every time, it is also that frustration of watching it break over and over. Also, dare I say. One of the biggest silent accelerators of our class divide (financially) is this dilemma. In the 40s-60s stuff was built to last. Lower income families could save and buy an expensive appliance but know it would last or at least be repairable. A fridge was a real investment. A set of silverware had the extra couple mm of thickness or even a square handle so it wouldn't bend at the first sign of trouble. Now? Its all disposable, so those who have money to keep up with planned obsolescence will pull ahead. Consumers save 5-10$ on a 100$ tool, but now it lasts 3-5 years instead of 30-50 |
> In the 40s-60s stuff was built to last.
On the surface, I assign this to nostalgia and maybe survival bias;
Automobiles alone provide an example where, in the the 80s, Japanese manufacturers began dumping automobiles in the the U.S. market (and making cheap quality products in the U.S. in the 90s) where the base model could last 2-3x as many miles as the prior domestics (GM, Chryslers).
I also make this statement with a 25 year old refrigerator, washer, and dryer) and a 16 year old luxury import automobile with 180k miles on the original clutch (that I bought used) and have spent very little on preventative maintenance on.
*Side anecdote on cars and unwise subscription to brand loyalty. A 1989 Mazda (made in Japan) that I bought used in 2005, had more security (key encoding, immobilizer) features than two friend's 10+ year newer Chryslers that were stolen in ~2010