Greed is Alive and Well!

What do you think about a consumer goods manufacturer that reduces the size of their products, but charges the same price or a higher price?  As a result of this trend a new buzzword has been coined—no doubt by an MBA—shrinkflation.

What do you think about a professional service provider that increases their rates by 25%?  (Have you received a 25% raise lately?)

The response you often hear is the “costs are rising” litany.  Which begs the question, how can costs rise in a slow growth, low inflation environment?

About admin is where citizens speak out for excellence in society and governance. We are passionate about improving the places where we live, give, learn, play, and serve.
This entry was posted in Business Standards and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published.