Surviving the Market: Why It's Harder Than Ever to Find High-Quality, Long-Lasting Products
Shopping for high-quality, long-lasting products has become increasingly difficult in today’s market. The author has observed that their grandparents own high quality items that have lasted for years, from their Hickey Freeman suits to their Pyrex storage containers. The author believes that a combination of survivorship bias and cost preference is responsible for their grandparents’ ability to purchase long-lasting items. Additionally, the author notes that the current state of the market and technological advancements have made it more difficult to discern if something will last. Brands that build long-lived products struggle to retain customers, as their products don’t require frequent replacements. To combat this, they often use forced obsolescence to ensure repeat purchases, making it harder for buyers to make informed decisions about the longevity of their purchases.
The article also explores the importance of societal context and marketing pressure on the demand for new products. While technology advancements are impressive, many consumers are encouraged to change their preferences by marketers. The author questions whether these advancements are truly necessary or if they only serve to separate buyers from profit-maximizing processes.
Finally, there is a discussion on the benefits and drawbacks of minimalism. While some strive to keep possessions to a minimum, others may obsess over the quality of the few items they own. The author notes that this behavior can cause relationship and work problems, but it is lesser than hoarding objects.
In conclusion, shopping for durable, high-quality items in today’s market is difficult. While it is possible to find such products, buyers often need to do extensive research to ensure longevity. Consumers also face societal pressures and marketing tactics that encourage them to frequently update their possessions, making it harder to find products that will stand the test of time.
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Author Eliza Ng
LastMod 2023-06-10