Supply and demand - a quick refresher The economics of supply and demand are straightforward: When demand for goods increases, prices go up. When the supply of goods increases, prices go down (where prices are not constrained by law or other factors). The implication, then, is that if we all turn to buying our clothing used, it will drive up the price of used clothes, potentially pricing economically disadvantaged people out of the market. Meanwhile, there is no question that clothing now enjoys a second or even third act before being discarded. Witness the rise of Poshmark , an online retailer of clothing, both new and used. While it's touted as a way to shop other people's closets, it's also a way for sellers to perform a sort of "clothing arbitrage," purchasing quality or trendy clothing from Goodwill at rock-bottom prices, and then re-selling the clothing at a substantial markup via Poshmark. If we all bought most of our clothing used and stopped buying prim...
I have a theory about how ugly Christmas sweaters came to be, rooted in a bygone day of American thriftiness: HOW UGLY CHRISTMAS SWEATERS CAME TO BE You buy a Christmas sweater that's stylish, colorful and fits well. You wear it with pride. Next year, your Christmas sweater is not quite as stylish, but it's still colorful and fits well. By the fifth year, your Christmas sweater is noticeably out of date, not quite as colorful, and - let's face it - no longer fits quite as well. But hey, you only wear it once a year and you paid good money for it. By the seventh year, this sweater is ugly! Voila, the ugly Christmas sweater is born. Now you can buy your ugly Christmas sweater right off the racks, like a pair of pre-washed jeans. Why wait for your Christmas sweater to become ugly? AN ALTERNATIVE TO UGLY SWEATERS The obvious answer, and the one you would expect from me, is to purchase your ugly Christmas sweater used. This is certainly a viable answer. I'm wondering, tho...