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by whacked_new
6324 days ago
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There seems to be some kind of "all other factors held constant" clause hidden here, correct? The idea seems valid, but I paused to think why it didn't jive with the employment recovery rate plots. http://www.williampolley.com/blog/archives/2009/02/employmen... It seems the most straightforward explanation is... actually, I can't think of one, but I have three factors that seemingly count against your theory. 1. increasing income and purchasing power disparity. 2. changing attitudes and/or culture; then we can expect a new kind of "equilibrium curve" due to new consumer behavior. 3. age of previous buyer's generation (unsure about this one). Also, speed of information is unbalanced with speed of physical processes; you can make an order and track a package of food with millisecond accuracy, but you will still remain hungry for as long as the delivery truck can drive. Someone more knowledgeable, say something if you will. |
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