Earlier quoted context omitted.
The quality difference would have to be substantial. I bring in a very high income for my area, and the thought of spending $300-$400 on a single pair of jeans is pretty out there. An $80 pair of jeans, which will often be on sale for $40-$50 will last me for 2-3 years and are of average quality. It seems to me like one would have to justify these jeans on the fashion/novelty aspect, and not quality/value as it just…
If you take a pair of unwashed 501s and compare them to a pair of unwashed Iron Heart denim, you will see that the quality difference is substantial. Whether that matters is something you have to decide for yourself Since I wear denim almost everyday, the quality difference and the attention to detail matters to me. It reminds me that attention to detail matters in my own work I don't understand why engineers tend to…
Virtue signaling. It says you're focused on your intellectual pursuits rather than material things (in contrast to 'the suits'). This is actually great from a hiring manager's point of view, because you can also guess (guess, not know) from someone's appearance whether they are single and to what degree they take care of themselves, while will in turn give an idea of how much work you can pile onto them before they figure it out or change their personality.
For those who don't 'get' clothes (as a former sufferer): you may not be able to readily distinguish expensive clothes from cheap ones, or see the point of wearing them. But other people do, and if you look like money, you will be able to get more money in negotiations. If you look or say that you don't care about such things, you'll get lots of affirmation and less money, because affirmation is virtually free.
There's also a kind of signaling by people who are rich enough not to care about these things and dress accordingly, which is a way of reminding other people that you have so much money you don't care about what impression you make. This only works when people already know you're wealthy, though.