James Surowiecki on how the action, in markets ranging from gadgets to cars to clothes, is at the high and low ends of the market, not the middle:
The companies there — Sony, Dell, General Motors, and the like —
find themselves squeezed from both sides (just as, in a way,
middle-class workers do in a time of growing income inequality).
The products made by midrange companies are neither exceptional
enough to justify premium prices nor cheap enough to win over
value-conscious consumers. Furthermore, the squeeze is getting
tighter every day.
The middle is boring, and I think one could argue that our culture is about the elimination of boredom. (Via Kottke.)