As many before have said, this is a great explanation of value versus cost. I believe that as individuals, we make judgements on what we feel are justified costs. Having just invested in a handmade tank, I have no doubt that I received great value. If the makers wages are approximately half the cost, he made a little but with almost ten yards of material in the garment I know why the cost was high.

I use the comparison of vehicles. A new Harley Davidson runs about $25,000 whereas a new Pontiac compact runs about $13,000. Paying the former for transportation without a heater, that allows me to get wet in the rain and costs twice as much to insure, is just silly.

This is just one more opinion, for better or worse.