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octaveguin on Sept 19, 2016 | parent | context | favorite | on: The Free-Time Paradox in America

"entertainment has become an inferior good"

That's quite an interesting thing to say that is super true. Consumption of too much media is now a sign of low class status.

holmak on Sept 20, 2016 [–]

In case you didn't know, "inferior good" is an economics term with a specific meaning:

https://en.wikipedia.org/wiki/Inferior_good

GFischer on Sept 20, 2016 | [–]

That said, his comment does have a point, and consumption of inferior goods themselves can be a signal of low status.

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