Thom Hogan and the iPhone effect

Started 9 months ago | Discussion thread
KubrickFR
Junior MemberPosts: 49
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Re: Thom Hogan and the iPhone effect
In reply to eNo, 9 months ago

The "problem" (if there's any) is that, at least some, people have more and more money in western countries. One could say, too much money.
Even the so-called recession have done nothing but accentuating this phenomenon.

"In 2007 the richest 1% of the American population owned 34.6% of the country's total wealth, and the next 19% owned 50.5%. Thus, the top 20% of Americans owned 85% of the country's wealth and the bottom 80% of the population owned 15%. Financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 42.7%, the next 19% of Americans owning 50.3%, and the bottom 80% owning 7%. However, after the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%."

This is just for the American population, and 20% of the Americans makes a lot of people.

For those people, spending 3'000USD on a camera is easier than ever. That and the fact digital photography has gained a lot popularity due the digital era and the ubiquity of cameras in smart-phones makes buying a product such as the D800 a normal expense for millions of people.

No doubt that cameras such as the D800 will be a success and that some professional photographers will be jealous to see their privilege to play with high-end cameras vanish in the crowd of amateurs, tarnishing their aura.

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