Earlier quoted context omitted.
As if it wasn't bad enough that most consumer goods have completely bifurcated into "junk" and "luxury", now it's hard to even tell which products fall into which category, because there is so much junk now being sold as luxury.
>junk now being sold as luxury. That's always been the case though. There has always been junk marketing itself as "luxury" to milk the nouveau riche. It's not like real Coach bags utilize some magic leather that doesn't degrade just the same as the $200 leather purse you buy from a local artisan. It's not like the brick that Supreme sold was made of some sort of magical clay. The luxury purse companies don't burn th…
Not sure why Coach was chosen for this example - I don't believe they are expensive; last I checked they were in the range of $200-500, which doesn't seem egregious as the actual luxury brands (ex. Hermes, where the entry level bags are $4,000).
That said, I feel there is a real difference in quality at various price points, and focusing on the material ("magic leather") is wrong. When I'm paying a premium I'm usually looking for in the dimensions of construction, and usually that means paying an actual professional who may charge $100/hr, vs 19 year old in Bangladesh. The two might be using the same material but the price difference comes from the person assembling the item.
The problem is you have a ton of companies (even "luxury" ones), that in an attempt to juice their stock price, have also focused on getting costs super low and are now using the same factories as junk brands but just slapping their logo on it. Even products of the same brand can vary wildly in quality depending even on the year it was made.
I have jackets from "luxury" brands that I bought 10 years ago that still look brand new for thousands of dollars (and probably saved money in the long run), but buying a similar item new or even trying to replace it is impossible.