The most
basic principle of microeconomics is supply and demand. When demand remains unchanged and supply
increases, prices fall.
Take TV’s
for example. In December 2003, I paid $1,650 for a state-of-the art 34 inch, Sony TV.
I couldn’t afford a flat panel, but this was the next best thing.
Four years
later I sold my TV for $250 on Craig’s List, and upgraded to a 40 inch, flat
panel Sony. I paid $300 less than I had
paid in 2003, for a bigger, better TV. A
comparable Sony today sells for under $400.
Surprisingly, the same happens to be true for hair straightening.
Surprisingly, the same happens to be true for hair straightening.
In 2007, I
had my hair straightened for the first time using keratin.
It cost $350, and took about four hours. Still, it was worth every penny to have no-frizz, shiny hair that even I could blow-out. Today I get the same process done with a safer formula for $107, and it only takes an hour.
I love when
economics works in my favor.
I go to see
Julie at Sergio Limpopo, a little salon in an office building on Madison
Avenue. I found Julie last year through
a Groupon. Julie did a great job then, and she does a great job today.
AFTER |
I don't dare show myself from the front, as I look quite horrid in stick-straight hair. In three days I'll wash it and it will be great. Until then, I'll be in quarantine.
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