Bizarre Indicators: How Strippers and Dating Apps Predict a Recession

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When the economy is doing well, skirts get shorter: more than a hundred years ago, economists discovered that social phenomena can predict the rise and fall of a country. Why this is so and which bizarre economic indicators – from lipstick to men’s underwear and dating apps – still exist: Krone+ knows all about it.

In 1926, the American economist Wharton Taylor first postulated the “skirt hem theory”, according to which phases of economic recovery lead to a decrease in the average length of skirts and suits worn by women, and vice versa. A study eighty years later we know: Taylor was right, even if the effect was not immediate.

Source: Krone

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