Welcome to the bloggy home of Noah Brier. I'm the co-founder of Percolate and general internet tinkerer. This site is about media, culture, technology, and randomness. It's been around since 2004 (I'm pretty sure). Feel free to get in touch. 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