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by rurp 44 days ago
That stuff will help on the margins but won't fundamentally change anything as long as you have a growing number of people chasing after a limited number of high status purchases. There will always be a limited number of ivy league school openings, fancy hotels in Paris, and houses in the Hamptons. The only options are to participate in the same increasingly competitive rat race with your peers, or look for a different angle. Some people are fortunate to have interests outside the norm that they can pursue, but others will need to put in some more effort to explore and find what they actually like.

For upper middle class vacationers taking a trip through Paris, Barcelona, and other big name European cities to visit nice hotels and restaurants is probably the most stereotypical vacation possible. For some people that is their ideal trip, but the demand for those locations is off the charts. Given the thousands of alternative vacation spots out there, most people would have a much better time and save money going somewhere less obvious.