{"id":3931,"date":"2012-04-29T12:00:29","date_gmt":"2012-04-29T16:00:29","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=3931"},"modified":"2012-12-29T02:22:53","modified_gmt":"2012-12-29T07:22:53","slug":"panflation-a-rising-threat","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2012\/panflation-a-rising-threat\/","title":{"rendered":"Panflation: A Rising Threat"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/04\/042912_1418_PanflationA11.png\" \/><\/p>\n<p>Inflation seems to largely be under control in the global economy, but The Economist reports that panflation \u2013 the inflation of everything \u2013 is becoming a rising problem. Examples include:<\/p>\n<ul>\n<li>Since women are more likely to buy clothes if they can easily fit into a smaller label size, fashion retailers have been adjusting the size numbers. Today&#8217;s size 10 is really a size 14.<\/li>\n<li>There is grade inflation. An A grade today is equivalent to a C grade of the 1980s.<\/li>\n<li>Airlines no longer have an &#8216;economy&#8217; class. Instead British Airways has &#8220;World Traveller&#8221;.<\/li>\n<li>Food portions have been getting larger.<\/li>\n<li>There is job title inflation. A receptionist is now a &#8220;Director of First Impressions&#8221; and a ticket inspector is a &#8220;Chief Revenue Protection Officer&#8221;.<\/li>\n<li>While this sounds humorous it has serious consequences because it modifies incentives and makes data more obscure and less reliable.<\/li>\n<\/ul>\n<p>To read other examples including the supply of airline miles, the consequences of these trends, what it means for Starbucks to soon be introducing a &#8220;Trenta&#8221; size, and why deluxe hotel rooms are anything but, click <a href=\"http:\/\/www.economist.com\/node\/21552214\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.economist.com\/node\/21552214\">The Economist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation seems to largely be under control in the global economy, but The Economist reports that panflation \u2013 the inflation of everything \u2013 is becoming a rising problem. Examples include: Since women are more likely to buy clothes if they can easily fit into a smaller label size, fashion retailers have been adjusting the size [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,41],"tags":[],"class_list":["post-3931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin","category-signature"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/04\/042912_1418_PanflationA11.png","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/3931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=3931"}],"version-history":[{"count":6,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/3931\/revisions"}],"predecessor-version":[{"id":7470,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/3931\/revisions\/7470"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/3933"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=3931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=3931"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=3931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}