⟳ Репост от Chris Scott (he/him)
If the higher-quality options are prohibitively expensive during a cost-of living crisis/downturn, and the once-cheaper options are now both more expensive *and* lower quality, due to shrinkflation, cheaping out on production quality, whatever; are consumers really "choosing" anything, here, Max?
Max Dubler 🏳️🌈I think my most genuinely unpopular take is that a widely held and genuine consumer preference for cheaper, lower-quality goods, not private equity, is driving the decline in quality of consumer goods like clothing and housewares.