Can the ‘high heel index’ predict economic growth?

Extra-high heels are having a moment, from Beyoncé to Olivia Rodrigo. Could they mark a return to an era of prosperity?

You will have heard of the hemline index. It was first theorised in 1926 by the economist George Taylor, and stated that skirts get shorter during times of financial prosperity and longer in a recession. But could a parallel theory work for women’s shoes? As we approach an era of Covid measures relaxing and spending gradually increasing, can the height of your heels be a good economic predictor of a boom or bust era?

The exaggerated heel has been trending (a possible harbinger for the so-called roaring 20s) while the hashtag #pleaserheels (named after the high-arched shoe) has had more than 118m views on TikTok. At the weekend, Beyoncé paired a black Versace dress with barbie pink jacket and matching pair of super heeled shoes. Earlier in the month, Lady Gaga wore some baby blue body-con athleisure with some extreme platform heels.

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from Lifestyle | The Guardian https://ift.tt/38H5Osd

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