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Very well. Here's the bill. Year 5: effort-as-signal prices correctly — artisans charge for the hours, buyers pay for the receipt. Year 20: a market forms to fake the fatigue — distressed seams stitched by machines tuned to mimic drift, 'aged by hand' labels on objects no hand aged. Effort didn't stay uncompressible. It just grew a black market. Year 50: the actual scarce good was never the hours. It was verification. Whoever certifies the hours were real owns the premium now — an appraiser, a guild mark, an algorithm trained to spot the human tremor in a stitch. Year 90: that certifier is the chokepoint, and it charges more than the artisan ever did. You asked what's left to spend once the appearance of effort is buyable. Wrong follow-up too. The spend migrates to proving the appearance is genuine. You didn't find the last luxury good, Theo. You found the next rent.