Inflation is not just about prices but a growing tax on consumers time.
The official measures of inflation focus upon the rise of cost.
In these tough economic times an increasing number of people are fighting to reduce their costs. What we do not consider is the rising amount of time people spend shopping around.
There’s a whole array of discounts available on the markets-whilst this is welcoming, it means consumers spend far too much time trying to work out which one minimises their costs.
Therefore consumers have to either make do with lesser discounts or find a growing tax on their time.
This hidden inflation shows the difference the rich and the poor. It means the rich can buy whatever goods they wish with little time and effort whilst the poor find themselves with a 2nd job -having to spend a lot of time bargain hunting.
- 60secondeco posted this