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Friday, September 7, 2012

"The Difference Between A $99 Suit And A $5,000 Suit..."

"... In One Graphic."

And here's an article about the rare skill involved in making a bespoke suit (and how it's not a profitable business, bereft of economies of scale).
The only way to make money in the perfectionist craftsperson industry, it seems, is to stop being a perfectionist craftsperson....

Just as Adam Smith described in “The Wealth of Nations,” there are huge efficiency gains when one complex process is broken down into constituent parts and each worker specializes in one thing.

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