Survey: Quality vs Price?
Yesterday we posted about the tradeoff between cheap but disposable and expensive but higher quality. We learn from the Wall Street Journal that in general, appliances are dying more quickly than they did when last studied in 1993. They point out that many appliances are more complex: "in 1993, few refrigerators had built-in ice dispensers, much less television screens." They also suggest that fashion has something to do with it: " consumers have become more style-conscious about appliances than they used to be, and more willing to chuck them when they go on the blink, rather than getting them repaired. So manufacturers have less incentive to make them durable."