Thread

1. richwater · 1786031406 · focus · HN ↗

   I think most people on this board would agree with the thesis. However the real problem is when the owner of the restaurant looks at profit and loss statements and decides to keep less chefs on the payroll because customers are willing to pay for (just) edible steak.

   The reduced expectations of steak, the desire for the perfect steak, are all fading to the background because "just passing satisfactorily" is better for business.

   1. nehal3m · 1786031477 · focus · HN ↗

      That’s what the entire economy does by design. You make the lowest common denominator people will still pay for.

      1. LPisGood · 1786031553 · focus · HN ↗

         And people seek out the highest quality product they can pay the lease for

         1. fhdkweig · 1786033237 · focus · HN ↗

            Not always. There are diminishing returns at the top end of the quality spectrum. I tend to go with the cheaper item even if I can technically afford the more expensive one if their quality is close enough.

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