I am sure we will all agree 2020 was a year we would all like to forget. A challenging, divisive and heart wrenching twelve months of death, civil unrest and economic devastation. Well, at least for some… I am assuming that none of us have been living under a rock, the news reports daily on the on going pandemic and the economic hardship that resulted from this unprecedented world wide crisis. Millions across the globe have lost their jobs with hundreds of thousands of small businesses
closing, and thousands of large decades old retailers shutting their doors. Hundreds of thousand of people are facing possible foreclosures and many are going hungry. Yet with all this going on, the luxury market is booming, and to that end they continue to raise the prices on their most sought after pieces. Usually, the it bag of the moment. There has been a lot chatter on the internets as of late, and it has created a bit of a brew haha with many people pushing back and choosing not to continue to purchase these items at these elevated price tags. Though one has to admit Chanel makes a quality bag…
Many influencers now give a brief disclaimer before their haul videos, the disclaimer states that the video is indeed a haul video, and that they do not mean to offend and for those that may be offended to click off and not watch the video. They are adding these disclaimers as there has been somewhat of a backlash against these types of videos, with many people seeing such displays of consumerism as distasteful and tone deaf in these dark times.
it really highlights the great divide, not only in the U.S. but across the globe.
Personally I don’t judge, but I can understand how people are offended by this, but really for me the issue is deeper than that. When we have the worst economy since the Great Depression, with massive unemployment and loss of business, and then you have a segment of society who for all intent and purposes are completely untouched by these events, and can continue to live a lifestyle many would refer to as decadent; it really highlights the great divide, not only in the U.S. but across the globe. They say by 2030 or nine years from now %40 of jobs are going to lost world wide. I can not even wrap my brain around that. If we are having this level of civil unrest now, I can not imagine what it will be like with almost half the population world wide unable to earn a living. Many speak of a living wage, but how will this be paid for? Hmm.
I think much of the unrest we are seeing in the world is directly tied to unprecedented technological advances and how quickly it is changing our way of life. It is happening too fast for the markets and society to adjust. We have had moments in history like this before, and sadly it is almost always accompanied by violence, war and unrest.
Let’s hope history will not repeat itself. In the mean time if you are not one of the lucky few, or can not claim membership in the hallowed halls of the %1 there are alternatives. For me, I really like discovering new and up and coming designers and supporting mid range designers. My regular readers know I am a big fan of the Parisian aesthetic. I love the mid range designers such as: Maje, Sandro, Isabel Marant, and Claudie Pierlot as well as the Italian brand PINKO.
Hence why I like to seek out up and coming designers and create my own style as opposed to following the latest trends
American brands like Tory Burch and Rebecca Minkoff also offer more affordable, well made designer bags any self respecting fashionista would be proud to have on their arms. And you can also do pre-loved. What say you? How do you feel about the price increase in high end designer goods? There is also the sense of these it bags being exclusive, if everyone has one, err I am looking at you Gucci belt…then that sense of exclusivity is lost. Hence why I like to seek out up and coming designers and create my own style as opposed to following the latest trends. So, would you be willing to pay more for a sense of exclusivity?
Top image from KatWithLove be sure to check out her blog she has great style!