Listen "Inflation, Skimpflation & unemployment and what 2022 can bring."
Episode Synopsis
There are options available don't be stuck by fear.
Inflation hit a 30 year high where consumer had more demand (and money) than goods so prices increased. The Fed tries to keep it around 2% with consumers finally having more money and supply chains struggling, this was not a surprise.
Unemployment is also at record lows (4.6 verse 6.9 last year). This is despite vaccine mandates and record numbers of resignations.
Remember the shrink ray and the stealthy reduction in product size? Well skimpflation is a service cutback that can cause consumer headaches like longer lines, fewer options and increased daily inconveniences. Not only does this impact us as consumers, it affects how we do our job because we are expected to do more with less.
Inflation hit a 30 year high where consumer had more demand (and money) than goods so prices increased. The Fed tries to keep it around 2% with consumers finally having more money and supply chains struggling, this was not a surprise.
Unemployment is also at record lows (4.6 verse 6.9 last year). This is despite vaccine mandates and record numbers of resignations.
Remember the shrink ray and the stealthy reduction in product size? Well skimpflation is a service cutback that can cause consumer headaches like longer lines, fewer options and increased daily inconveniences. Not only does this impact us as consumers, it affects how we do our job because we are expected to do more with less.
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