The lesson here, if you want to safeguard a legacy, is to never stop caring about quality and your customers. People with no regard for your reputation will think nothing of destroying it to make a quick buck.
If money is the motivator after that then you are in a race you can't win.
Yesterday I have been told $80K is the actual median income but $200K is minimum comfortable in SF (never been to there, can't confirm).
It isn't so much that people are overall satisfied at 70k, but that people with more are _no less_ satisfied. It is a plateau. Many will still want more and may be unhappy. At that point happiness must be sought by other means (love, community, esteem, self-actualization), which might indeed involve the application of money, but it requires doing something worthwhile (from the perspective of that individual). Something money enables, such as a bigger house isn't enough (by itself).
It isn't that money above 70k doesn't improve wellbeing, but that isn't sufficient by itself to do so.
You can go live on an island in Greece, or Eastern Europe, or Columbia - and 70K in those places will GO FAR:
Housing: Check Nightlife: Check Can't speak for the men, but good looking women: Check Cost of food: Check.
All depends where you want to live and lifestyle you want.
(and I only learned that yesterday, despite being French I have always watched this movie in English)
Never heard of this before. Seems kind of an incredibly unpleasant thing to build.
- https://www.palaisbulles.com/dream.php
- https://www.challenges.fr/luxe/visite-guidee-du-palais-bulle...
The NYT obit [1] is nicely done, and its title is well-judged, too, Pierre Cardin, Designer to the Famous and Merchant to the Masses, Dies at 98
Cardin was a businessman almost more than he was a fashion designer; if nowadays we refer to "brands", it has much to do with him.
[1] https://www.nytimes.com/2020/12/29/style/pierre-cardin-dead....
I'm very much onboard with what you wrote, but I too saw this post and wondered what it was about him that took his death to HN's front page.
Contrasting it to software or an app (design), the thing could be used by millions and barely anyone knows who you are.
Maybe because fashion designers themselves get to appear on stage and cement their face in everyone's consciousness? Imagine if your software or app would display you, the designer, each time someone starts it up...
Hmmm Mark Zuckerberg comes to mind. The default "friend" for each new facebook account...
I guess I answered my own question?
Still, I'd bet an average person knows more famous visionaire/entrepreneur people (like Jobs and Gates) than famous fashion designers.
I doubt that's the case. Popular music cites eponymous fashion brands regularly. Listeners might not know what the actual person looks like, but they'd know the products and the names.
These are the first names that came to my mind. I guess a large majority of people have heard them.
It’s easy to overlook the value but from a basic and utilitarian perspective, the value begins with the quality of materials and the cuts of the fabric. This is not necessarily trivial and takes someone who is skilled with the trade to understand and pioneer. It’s equivalent to a highly skilled carpenter who makes high quality and special furniture. And eventually new techniques, cuts and fabrics will make it to the mainstream.
If this sounds far fetched, some high end fashion (read: ~$150-300 for a sweater) is all about the quality of fabric and the attention to detail in the fit. These items will usually feel better, fit better and last longer. You could think of it as the difference in quality and experience between a Mercedes-Benz and a Toyota. Sure MB probably has much higher markup, but the base cost represents much greater substance as well.
Then there is novelty and this doesn’t necessarily have much to do with the clothes you would wear daily. Fashion designers are artists and the runway shows are often about novel displays in colour, shape and fabric. That’s kind of like a show. People who buy these clothes are making a statement and the markup is very much a reflection of the scarcity of these items. Like a limited edition watch or a very very expensive charity dinner with someone famous.
Not arguing with you, but that piqued my curiosity. A very long time ago I worked at a high-end men's clothing store and I have a sweater that I paid about $75 for. It retailed for $200. An inflation calculator says that $200 is now worth over $400.
I wonder what an equivalent sweater would cost today. The brand has since gone mainstream, so I can't use them as a point of reference.