Calvin wrote:
I'm from Scotland, living in the US now, and there's a real love for cost and utility over aesthetics in products.
That's certainly true. My business partner moved to the US a few years ago and even he's become more cost-focussed and will look for bargains in, say, Target and other retail stores.
I think philosophy has creeped in to the UK, too. I've bought a couple of B&O items in the last few weeks and both were offered hugely discounted, without barely even needing to ask. Dealers are seriously struggling to shift product, far more than we think on here (I think there's quite a few who like to bury their heads on this board).
It's going to be worse going forward, too, once people come out of furlough or, even worse, go back in to lockdown (such as the way Texas is heading) and stores and businesses close for a second time). This is unsustainable, and another reason why I say people bury their heads. In the UK, I have friends on 100% wage who have sat at home furloughed since March. They have become so institutionalised at home they are resisting going back to work citing virus anxiety! Why would they want to go back when you're paid to stay at home?
Problem is, these same people don't realise that this cannot just continue. And the longer they take to go back, the tougher it will be for their company to continue with their long-term employment.
There's a lot of head-burying going on. People are in for a shock soon.