Designer Labels and the Economics of Parenting
When I was younger, one of the best lessons my mother taught me was one that at once came to mind as I pondered what the price of this item could possibly be. My mom always said “If there’s no price tag, don’t bother asking. You can’t afford it.” (I may be paraphrasing, but that was the basic gist of what she would tell me. This advice was particularly compelling when I was a teenager making minimum wage but wanting clothes with maximum clout – which meant a price tag that I could not afford).