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by bitwize
35 days ago
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There was a study sometime back that suggested most American millionaires live in homes of modest or at least unostentatious size and drive used cars of American make. These days it'd probably be of Japanese make, as Toyotas and Nissans are relatively cheap and last forever. Having a lot of money and showing the world that you have a lot of money are completely different goals. You'll be flat broke if you join an MLM with 99.5% certainty, but if you're a good enough salesperson they'll loan out a Mercedes or something to drive around so you can show off how rich the plan made you and "edify your upline". You're on the hook for fuel and maintenance, though. Maybe it's the Scots-Irish in him, but my father was always one to go for the luxury stuff, but still seek out the good quality stuff at as good a price as he can manage and fix it up if it were broken. He knows how to keep a Cadillac Eldorado on the road for 20 years or more, so of course he's going to spring for the fancy if a used one turns up at a good price. In the 80s he bought a small mansion that was in a quasi-dilapidated state but had been standing since the opening years of the 20th century. We renovated it inside and out, and today it's on the National Register of Historic Places (though my parents no longer live there). |
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I think that's a nice story to highlight, being able to do things well and preserving that knowledge
While there can be benefits for mass producing things, what actually is produced is going to be limited by what techniques are conducive to automation. So the techniques that are hard to automate are lost from the market of provided goods and then human capital for it also gets lost (can't think of any concrete examples off the top of my head, but maybe the techniques for some elements of clothing that are now only found in couture/custom pieces). Another related idea is how there are much fewer color variations in manufactured goods now, simply because it simplifies the mass manufacturing process.