Weekly Cover: deflationary inflation pressures consumer goods


Pay the same amount and get less

Companies around the world, large and small, are asking the same question – how to pass on the increasing costs of goods to consumers without losing customers.

Some companies raise prices immediately as their costs increase. Others resort to sleight of hand. Charm? yes. The magic of an amazing shrinkage product.

a little at a time

Some companies try to make it easier for us to get more by making small, steady increases in prices.

A good example of easing price hikes is McDonald’s.

“[W]We have an approach that we want to make more frequent increases,” Ian Borden, Head of International Business at McDonald’s He said earlier this month. “But at smaller levels so we try and make sure we don’t make substantive increases.”

shrinkage

More and more companies are resorting to the less obvious method of raising prices. These companies maintain price levels but reduce the amount of products they sell.

Edgar Dursky, consumer attorney, told Washington Post. When the price of raw materials, such as coffee beans or paper pulp, rises, manufacturers are faced with a choice: Do we raise the price knowing that consumers will watch and complain about it? Or do we give them a little and do the same thing? The latter is often easier to do.”

Dworsky regularly lists package downsizing on their website mouse print.

Examples Mouse Print cites companies that keep prices, but downsize include:

  • Cocoa Pebbles – Family fund volume decreased in February from 20.5 ounces per box to 19.5. Note: Cocoa Pebbles is a trademark of Post. General Mills reduced its grain sizes last year.
  • 30 sheets of Charmin Ultra Soft Mega Rolls toilet paper were dumped in February, according to Dursky
  • A new bottle of Aveeno Skin Lotion contains 10 percent less product, Mouse Print reports.

Quantity issues

You can see the same kind of thing in food pricing.

The most expensive meat is priced at a quarter pound. Whereas the least expensive meat is priced by the pound.

John Gurville, professor of marketing at Harvard Business School, told the Post. “Companies are constantly manipulating prices.”

If this continues, Big Gulp could become your little sip.

The date provides a blue print to solve the problem of labor shortage

When Mexico sends its people, They don’t send their best … They send people who have a lot of problems, and they bring us those problems. They bring drugs. They bring crime. They are rapists. “I suppose some are good people,” says Donald J. Trump.

– – –

Throughout history, demagogues have played on people’s fears. Many fear advocates have identified groups of people to discredit them as a source of crime and safety threats. Hitler did this to the Jews. In this country, immigrants have often served as a foil to such attacks.

American talent shortage

Newcomers to this country are often accused of taking jobs from people whose families have been here for many generations. However, this fabricated problem may be a solution to a real national problem.

The United States is currently experiencing a gap between job opportunities and job seekers. There are 11.4 million jobs available, but only 6 million unemployed workers, according to the United States chamber of commerce.

“We have a lot of jobs, but not enough workers to fill the jobs we do,” wrote Stephanie Ferguson, the chamber’s senior director of employment policy. “If every unemployed person in the country found a job, we would still have 5.4 million jobs open.”

hire an immigrant

The problem is getting worse over time.

according to Last year’s report by TechNet, An association of technology executives, the shortage of job candidates with advanced degrees will result in 9 million job openings over the next decade. This, in turn, will lead to a production loss of up to $1.2 trillion.

“We are in a world The race for talent. “The United States must welcome the best and brightest people in the world, and their families, so they can put their talents into the American economy,” said Linda Moore, President and CEO of TechNet.

TechNet notes that education is the long-term solution to developing the hiring talent of the future. However, the report indicates that skilled degree holders are urgently needed. As a result, the group is calling for immigration reform to attract more job candidates to US companies.

However, immigration reform may also be a long-term proposition. The last reforms occurred 14 years ago.

Stay away from living between paycheck and paycheck

Around 64 percent of Americans live from paycheck to paycheck. Additionally, 49 percent of those who earn more than six figures are in the same boat.

“I was shocked when I saw these numbers,” says Beverly Harzog, an expert in personal finance and credit cards at US News & World Report. “It’s a terrible place to be. I know, because I experienced it firsthand.”

Harzog was practicing CPA when she realized she was in a financial crisis and living from one paycheck to the next. She was able to get out of debt and gain financial freedom through concerted efforts.

Survival

“I always recommend having an emergency fund,” Harzog told Saving Advice. “But if you live from paycheck to paycheck, that might not be possible right now. You might be struggling to survive.”

Instead of an emergency fund, Harzog says a zero percent APR credit card can serve the same function.

“A zero percent APR credit card can be a temporary money-saving solution in an emergency. But it should be considered temporary,” Harzog says.

By searching online, you can find such cards that do not charge interest for 12 to 21 months, according to Harzog.

Saving Money

Harzog says getting out of debt is the best way to end paycheck to paycheck living. This means lower expenses.

“You have to be tough,” Harzog says. “I know it’s not nice, but you have to look at your budget to find places to cut expenses.”

This usually means lower discretionary expenses. However, this does not mean eliminating them.

“You need to treat yourself,” Harzog says. “It is important for your emotional well-being. But you can cut back. Instead of eating a latte three times a week, go for once a week.”

Avalanche, snowball, or snowstorm

Harzog advocates keeping track of expenses and debts using apps or a paper notebook. It helps in budgeting and monitoring your success in reducing debt.

Additionally, she recommends choosing a debt reduction strategy based on your emotional needs as much as your financial needs. It calls for the use of one of three methods.

  • debt collapse. The idea here is to pay off the debt with the highest interest rate first. Once you’re done, rinse and repeat until your debts are gone. This is best for those who have patience and a long view of their financial goals. Thus, it pays off faster than other methods.
  • Snowball debt. This method attacks the smallest debt first and moves on to the larger debt. Thus, his concept pays more benefit than the avalanche plan. However, Harzog says this approach keeps people “motivated for quick wins.”
  • Snow storm debt. This strategy includes the previous two methods. Here, you start off by paying off a small debt or two before moving on to higher APR debt. This concept gives instant gratification and inspiration to keep reducing debt, according to Harzog.

Get help

“I sent a lot of people to NFCC (National Corporation for Credit Counseling) Over the years,” says Harzog. “They will put you in touch with someone you can talk to on the phone or chat with online.”

NFCC provides individual advice to help consumers reduce debt and budget.

Read more

Go back to what you love! Dollardig.com is the most trusted cashback site on the web. Just ParticipationClick, shop, and get full cashback!



Source link

Related Posts

Leave a Reply

Your email address will not be published.