Reply To: Why is the cost of hats so high?

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#1541249
CTRebbe
Participant

1. Supply and demand makes no sense;If there are less customers than 35 years ago they automatically produce less hats. It should not affect the price.

2. Volume is also not a factor-just because people where less hats than suits does not mean prices for suits should remain or lower (” According to the U.S. Bureau of Labor Statistics, prices for men’s suits, sport coats, and outerwear were 19.16% lower in 2018 versus 2000.”)

3. Regarding the cost of most things in 1984 compared to today-

“According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.64% per year. Prices in 2018 are 142.2% higher than prices in 1984.

In other words, $100 in 1984 is equivalent in purchasing power to $242.15 in 2018, a difference of $142.15 over 34 years.”

4. I was not only talking about Boraslino. I only brought up Borsalino to show how much the most expensive hats costs. I believe my off-brand Barlisoni or Stetson cost $30-$35.

5. In 1984 the Gentiles were no longer wearing hats. Hats went out of style after JFK

6. I don’t understand either the connection between hats and cream cheese. I don’t even like cream cheese.

7. To my knowledge, I also do not believe I am closely related to CT Lawyer (although all Jews are family). I am friends with his son-in-law from Yeshiva but not related.