https://www.ribbonfarm.com/2017/08/17/t ... illennial/
It’s basically what you think it is, products and services that are mediocre but with a slight unrelated premium in name or nonessential feature to give the illusion of luxury and status to the striving class. Some basic examples are premium seats on planes, Starbucks Italian naming of coffees (really all of Starbucks), cruise ships and so on. The product itself is usually mediocre, but it shows the consumer is aspiring to be part of the upper class, but is just not there...yet. It covers a lot of what we talk about here, in terms of status, affluenza & consumerism, and ideas of success.
Here are some passages from the essay. I'd highly recommend reading the piece in full.
Premium mediocre is the finest bottle of wine at Olive Garden. Premium mediocre is cupcakes and froyo. Premium mediocre is “truffle” oil on anything (no actual truffles are harmed in the making of “truffle” oil), and extra-leg-room seats in Economy. Premium mediocre is cruise ships, artisan pizza, Game of Thrones, and The Bellagio.
Premium mediocre is food that Instagrams better than it tastes.
Premium mediocre is Starbucks’ Italian names for drink sizes, and its original pumpkin spice lattes featuring a staggering absence of pumpkin in the preparation. Actually all the coffee at Starbucks is premium mediocre. I like it anyway.
Premium mediocre is Cost Plus World Market, one of my favorite stores, purveyor of fine imported potato chips in weird flavors and interesting cheap candy from convenience stores around the world.
The best banana, any piece of dragon fruit, fancy lettuce, David Brooks’ idea of a gourmet sandwich.
Premium mediocre, premium mediocre, premium mediocre, premium mediocre. Mediocre with just an irrelevant touch of premium, not enough to ruin the delicious essential mediocrity.
Yes, ribbonfarm is totally premium mediocre. We are a cut above the new media mediocrityfests that are Vox and Buzzfeed, and we eschew low-class memeing and listicles. But face it: actually enlightened elite blog readers read Tyler Cowen and Slatestarcodex.
Rao goes beyond the surface throughout the essay, discussing the idea of premium mediocrity as a naked call option on life. It's done in full awareness by the individual that the products/services they are using are not actually high end but they do it anyway. Why? Rao says it's performed more for their parents than themselves, to show that they are on the same upward trajectory as generations before them. There is bound to come a time when reality sets in and the reality sets in that the individual is not going to end up in the luxury class. I wonder what age or circumstances that ends up setting in and what the reprecussions are?Premium mediocrity is a pattern of consumption that publicly signals upward mobile aspirations, with consciously insincere pretensions to refined taste, while navigating the realities of inexorable downward mobility with sincere anxiety. There are more important things to think about than actually learning to appreciate wine and cheese, such as making rent. But at least pretending to appreciate wine and cheese is necessary to not fall through the cracks in the API.
Once you see the idea once, you can't help but see it everywhere. Premium mediocrity is so abundandt and such a core part of consumerism. It is one of the largest components which the average EREr eschews in their lifestyle. This makes me think of those who object to low consumption due to the idea of sacrifice. Maybe they are not objecting due to losing the object itself, but the signaling function and status that goes with it.