tl;dr the entire article is a bunch of propaganda from insurance salesmen who profit from making you think their rate rases are legitimate and not just a cash grab.
But industry insiders and experts I spoke with say there are a few under-the-radar trends also driving rates up, and they relate to the subjects I cover at Vox, so let’s dive in.
All you neeed to know. Its a bunch of bullshit they made up and the “journalist” didn’t question. The reality is that all the megacorporations saw the word “inflation” and used it as an excuse to jack up prices.
The point is that natural inflation occurs when prices are adjusted based on rising costs. In many cases, however, companies are jumping on the bandwagon and increasing prices despite no increase in costs on their end. Jumping on the inflation bandwagon and increasing prices based on inflation just to ‘stay ahead’ may please the shareholders come dividend day, but they often conveniently forget about staying ahead of inflation when it comes to keeping salaries in line with price increases.
Amazing how if this is to believed they are not only responding to a situation out of their control they are also finding ways to make less money to manage the situation.
What’s the tldr?
tl;dr the entire article is a bunch of propaganda from insurance salesmen who profit from making you think their rate rases are legitimate and not just a cash grab.
All you neeed to know. Its a bunch of bullshit they made up and the “journalist” didn’t question. The reality is that all the megacorporations saw the word “inflation” and used it as an excuse to jack up prices.
Are you saying inflation isn’t real, or what’s your point? Do you know how inflation works? Not jacking up prices means lowering prices.
The point is that natural inflation occurs when prices are adjusted based on rising costs. In many cases, however, companies are jumping on the bandwagon and increasing prices despite no increase in costs on their end. Jumping on the inflation bandwagon and increasing prices based on inflation just to ‘stay ahead’ may please the shareholders come dividend day, but they often conveniently forget about staying ahead of inflation when it comes to keeping salaries in line with price increases.
The key takeaways from the article are:
Amazing how if this is to believed they are not only responding to a situation out of their control they are also finding ways to make less money to manage the situation.