My own experience in that regard is somewhat typical of my generation and class. When I lived in Washington DC, circa 2017, I remember paying an exorbitant sum to live in a pretty nice apartment. I loved that apartment. I also furnished it pretty much exclusively with the most economical IKEA crap I could find. What was I supposed to do? After paying for the apartment itself, I didn’t exactly have a robust couch budget.

Make no mistake, I was in no sense deprived; I was a senior editor making a solid white-collar salary and living (as I said) in an apartment I really liked. But that’s exactly my point: when some of the basic elements of a professional-managerial-class lifestyle start to cost a lot more, members of the PMC are going to adjust by spending less on other elements. Some of them may develop the expertise and commitment to hunt out bargains on quality goods, but many more will default to what the market is most intent on serving them. Thus my IKEA and Amazon Prime furniture, my Uniqlo wardrobe and Warby Parker glasses.

Of course, it’s even more perverse than that. Because if the people with even a little bit of disposable income are spending it on fast fashion and fiberboard furniture, that’s going to further erode the economic basis for doing anything higher quality or more ambitious. The cheapo stuff wins.

This is all precisely ass-backward. Everyone should have housing and health care; these things should be cheap and abundant. If anything should cost more, it should be the optional purchases — the stuff that comes appended with a value-added tax in other countries. When you pay more for a pair of shoes, there’s at least the possibility that those extra dollars reflect the quality of the materials and the wages of the people who stitched them together. The price of my DC apartment mostly reflected the fact that there weren’t enough of them to go around.