It's not purely a matter of personal economics for me. I have both hand-welted and GYW shoes. Some of the latter are more costly than some of the former. For me, there is more to my enjoyment, appreciation and assessment of quality of a pair of shoes than just the welt. And several decades of enjoyment of a pair of shoes before a (reparable) failure is not going to cause me to lose any sleep. For some, the welt is a singular defining criterion which separates the worthy from the unworthy (hence we have claims that little separates a $100 GYW shoe from a $1000 GYW shoe, and suchlike). I don't see it that way. I believe there is a significant difference. Just as I believe there is a significant difference between a $300 hand welted shoe and a $3,000 hand welted shoe. But I also haven't made it my life's ambition to convince everyone to see it my way, either. Plenty of room for differing views, differing voices - not to mention differing priorities - at the great shoe table.