You can already see this occurring. Having a cell phone, for example, is not a status marker anymore - everyone who wants one has one. Status is now about having the most pictures/friends/farms on facebook.
You can already see this occurring. Having a cell phone, for example, is not a status marker anymore - everyone who wants one has one. Status is now about having the most pictures/friends/farms on facebook.
Meanwhile, luxury items stay out of reach for most people, even if they want them (designer anything, expensive cars, mansion sized houses, etc).
I digressed, but there is no danger to cell phones or any new tech for that matter, being universally available.
Apart from goods with an artificially high price and limited supply (designer goods), and possibly goods which cannot be manufactured (land), the author is predicting that luxury items of today will be commodities of tomorrow.
I agree with you - this is an extremely good thing.