Why Demands for More Could Cost You More: Understanding Social Inflation
Download MP3In this episode, we explore the concept of social inflation, which is the subtle increase in people's expectations regarding the services, products, or compensation they receive. Unlike hard asset dollar cost inflation, social inflation is not easily measured but can significantly impact the economy and our daily lives. We discuss how social inflation manifests in our daily lives, how companies are adapting to it, and how it affects various industries.
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Episode Resources:
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