Cheap: The Real Cost of the Global Trend for Bargains, by David Bosshart

By David Bosshart

Synthetic items were getting more affordable, either in absolute phrases and relative to prone. because the customer costs Index was once first introduced in 1996, the costs of "goods" have fallen a normal 2%; whereas the costs of companies have risen 35%. the main mentioned instance has been in textiles: considering that 1996, the common cost of garments has fallen 36%. however it isn't just outfits which were falling in expense: new autos are 1.5% more cost-effective than they have been in 1996; loved ones home equipment are 24% more affordable; toys are 30% more cost-effective, and naturally, within the audio-visual classification, you will find issues are on common now fifty six% more cost-effective than they have been 9 years in the past.

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Additional info for Cheap: The Real Cost of the Global Trend for Bargains, Discounts & Customer Choice

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Who is going to be prepared to invest in national economies in Old Europe where the population figures are going to shrink in the coming decades – unless, of course, people change their ideas about family planning radically and soon? 15 White-collar offshoring – the migration of high-quality services to low-wage countries The outsourcing of increasing sectors of production from the First to the Second or Third World means increasing pressure on prices, and not only in the case of simple products such as textiles or household articles.

In the Age of Cheap, warlike activities also become cheaper: we have discount wars in the double sense. The fact that engaging in warlike activities is becoming cheaper demonstrates more effectively than anything else how competition 52 Cheap is increasing in the economy and trade while, at the same time, we have less and less peace of mind. In the Cold War, we had the immense economic and socio-political advantage of an age of civil peace in that we were able to externalize our conflicts. Now we have exactly the opposite situation.

See source cited above. This, of course, does not mean that titles are worthless, but simply that the business schools can no longer claim to hold exclusive knowledge. The consequence is that the business schools set more and more store by their brand and the renown of their professors. Competence is no longer able to survive without prominence. And still the value sinks. It is no coincidence that, in the last few years, several thousand MBA courses, titles etc have appeared on the market. They all say more or less the same, and so the common jocular interpretation of MBA as ‘mediocre but arrogant’ is not so far off the mark.

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