Infovores are indeed much better off from the recent digital revolution. And since most journalists and tech leaders are infovores (many academics too), they extrapolate too readily from themselves.
That is Tyler Cowen explaining why he is a happiness optimist and a revenue pessimist. It is worth reading the post to see what this means.
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Consumption patterns really do seem to be changing away from physical goods to virtual goods. Check out the Mondo app. It is a virtual model building app. The user buys kits, after the free trial kit is done, assembles the parts by dragging them in place then applies colour and stickers.
Before giving the free trial a go I was skeptical. As I puttered away I began to compare it to physical model building. Why had I paid to assemble things in the past? What are you to do with models after they are done? Clearly the ability to store virtual models w/o dusting requirements is a benifit.
After spending a couple of hours putting a car together I was sold. It isn t the physical which was ever the value of a model, at least for me, it was the relaxed passtime, something the virtual does just as well. The pricing works out too, about 5$ a kit, a good price to entertainment hours ratio by any measure.
RT @cblatts: More reasons why I overestimate the quality of life for most Americans http://t.co/UeGZxkApy8