The argument that the luxury-goods industry is on decline due to higher employment

rate and consumer fears is not entirely logically convincing, since it ignores certai crucial
assumptions. If these assumptions do not hold true, the whole argument totally falls
apart.
First, the argument assumes that higher unemployment rate is the direct cause of lower
luxury-good purchases but there is no solid evidence to prove the causality. However,
on closer inspection, people who tend to spend their money to buy luxury-goods are
highly unlikely to be affected by higher unemployment rates because such classes of
people retain high economic security. As a result, higher unemployment rates does not
play an important role in the purchases of luxury goods.
Second, the argument assumes that the luxury retailers should focus their attention on
the lower-priced market in order to prevent the decline of the industry. On the contrary,
this could very well be the end of the industry as turning to lower-priced markets would
mean that the so-called luxury goods will simply lose their attractiveness to their
customers, hence resulting into more decline for the industry.
Finally, the argument ignores the fact that in such economic climate, people who aim to
adapt a low risk economic plan will consider buying luxury goods, which usually keep
their value over years, as safe resort to save their money. Consequently, this would
otherwise lead to more purchases of luxury goods rather than decline of the industry.
Thus, the argument is not completely sound. The evidence in support of the conclusion
is obviously flawed and not compelling enough to effectively support the the author’s
argument. Ultimately, the argument might have been strengthened if the author had
shown that the higher unemployment rate would certainly drastically impact all people
including high class people who tend to buy luxury goods, that directing attention to
lower-priced markets would not negatively affect the evaluaiton of luxury goods in the
eyes of their customers, and that normal people would not go for the option of keeping
their money safe from depreciation through buying luxury goods.
Whom do we respect more: those who refrain from showing their powers in front of us
or others who show off their powers? While some would argue that exercising power is
what truly earns the respect of people, others would state that refraining from doing so
would be much more respected. After weighing the evidence, it is clear that choosing
not to use yours powers immediately would be regarded with more respect than
directly exercising your powers to do a certain action because this would indicate that
you are capable of controlling your powers.
Consider the issue on the global scale, choosing politics, negotiations and reasoning
over using the military power has often been a distinctive quality of wise leaders who
help their nations prosper and flourish. They earned the respect of both their
supporters and opposers by refraining themselves from displaying their powers to slove
a problem which does not necessarily require power intervention. For instance, after
the war between Egypt and Israel in 1973, all Egyptians opposed the idea of making
peace with Israel believing that only by using the power, Egypt will reclaim its occupied
territories. However, Al-Sadat, the Egyptian president, managed to accomplish the
mission through negotiations and politics although Egypt had the power to continue the
war.
On a smaller scale, whether at home, work or school, people always respect those who
take and administer their responsibilties with reasoning and logic not those who enforce
others by power to undertake a certain action. They keep using their authorized power
as a last resort and by doing so they keep their power from being overused which makes
them truly powerful. However, in some situations powerful people who restrain
themselves from using their powers carelessly might be mistaken for weak ones. In such
situations, people have to first demonstrate that they have the power but they are just
showing patience. In addition, fear should not be considered equivalent to respect,
people might fear those who frequently use their powers to get what they want but not
respect them.
The bulk of the evidence supports the idea that people tend to respect those who
refrain from showing their powers more that those who keep showing off their powers.
As a wise man once said, the one who has the strength is not the truly powerful but the
one who controls their anger. This is proved to be true above on both the global scale
between nations and personal scale between indiviuals.