Friday, December 30, 2011

Cheap: The high cost of discount culture

Cheap: The high cost of discount culture/Ellen Ruppel Shell 320 pages.

I listened to this as an audio book and so didn't have the ability to check the table of contents as I listened.  At first I could not imagine how the author was going to make a book of this topic but I got so involved in the different topics and how she organized the book.  The heart of this is economics, labor & price theory specifically.  Few people probably really understand what we have given up by making getting things cheap our highest priority.  Those who bemoan the lack of factory jobs and the wages they used to bring but then brag about the cheap new household item they bought are missing the big picture.  As products become more disposable, we also miss the environmental impacts and the lack of motivation to manufacture quality items.  Excellent coverage of a topic we might should be a little more concerned about.

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