Welcome to the home of Noah Brier. I'm the co-founder of Variance and general internet tinkerer. Most of my writing these days is happening over at Why is this interesting?, a daily email full of interesting stuff. This site has been around since 2004. Feel free to get in touch. Good places to get started are my Framework of the Day posts or my favorite books and podcasts. Get in touch.

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Why Old People Think Young People are Spoiled

There is a great series of posts over at A (Budding) Sociologist’s Commonplace Book that attempts to answer the question of why older folks think everyone younger than themselves is spoiled (part 2).

The author, a PhD student and blogger at The Panhandler’s Guide breaks it down into four economic reasons: Inflation ($900 in 1974 is worth $3,892 today), substitution (kids today buy phones, but they also don’t buy records), diffusion (as a technology becomes more mass the inflation-adjusted price declines) and increasing standards (“Increasing standards mean that the utility of many goods and services is constantly decreasing”).

July 1, 2009