The Deleted Scenes - Inflated Expectations, Part 2
I recently wrote about some of this, but I want to articulate it again and I have a couple of new examples. I’ve been writing about inflation and consumer issues here from time to time for awhile, and one of the things I’ve been musing on is the idea that people’s definition of “inflation” isn’t just price increases; it’s also anything that makes it feel like the standard of living is declining. The pandemic period was full of things like that, and I think one reason inflation is so salient is because it spooks people. It’s almost scarier because it isn’t actually an acute crisis—it’s more like a taste of how bad things could get that looms over you. There are also lots of things that have less, or nothing, to do with inflation, but which fit into that “things are getting worse” narrative that can start to form in your head. I have two little recent examples. One, we’re looking for a new ceiling fan with lights, and we’re finding something odd; most of the cheap ones have a supposed wattage limit of 6.5 watts on the light fixtures. Not 65; 6.5. In other words, you can put some small 60-watt equivalent LEDs in there, but not, say, a 100-watt equivalent. (Or maybe you can and it would be fine; one fellow on Reddit thinks the fixtures are the same as before and the limit is just to get you to save energy. I’m not sure I’d risk an electrical fire to find out.) Why? Why has all our material progress resulted in ceiling fans with cheap little light sockets that can’t accept a 10-watt bulb? What was the point of making lighting so cheap and abundant if the fixtures are designed downward to not be able to use most of the lightbulbs? The other thing is another why? moment. Just a gripe, but the kind of thing that adds up. I was using the Yelp app the other day and I wanted to copy down something from a review. And I found that when you’re in the app, you can’t copy and paste text. Why? Why does the app on an amazing little computer in your pocket do less than the website on a desktop or laptop? Another one: why doesn’t Amazon let you keyword search reviews on their mobile site? (Or if they do, they really make it hard to find.) Another example I like to use is restaurants increasingly separating fries from burgers and making them a separate order. The big question is something like, if we’re in such a strong economy and everything is so good, why does it feel like we’re always being squeezed a little more? Some of this sort of thing is inflation in the sense of companies cutting corners, I guess. Some of it has nothing to do with the economy per se. But there are a lot of these little frustrations, and enough of them, amid a strong but recovering economy, will create a mental narrative that may not be strictly speaking accurate. But it is definitely understandable. Is this mental perception real, or are people just wrong? Are there better examples of ways in which the standard of living has deteriorated even while the economy is doing pretty well? Leave a comment! Related Reading: The “Vibecession” Was (And Is) Real, But It’s Not About The Economy Thank you for reading! Please consider upgrading to a paid subscription to help support this newsletter. You’ll get a weekly subscribers-only piece, plus full access to the archive: over 1,100 pieces and growing. And you’ll help ensure more like this! You're currently a free subscriber to The Deleted Scenes. For the full experience, upgrade your subscription. |
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