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?

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