Inflation- An economic scourge or a source of new opportunities
Whether you are a small business owner, a corporate giant, a 5 to 9 employee, or a homemaker, ‘inflation’ gives jitters to all. Generally, with the term inflation, people perceive a sudden increase in the prices of food and other products and services as well as a gradual drop in the purchasing power of consumers. However, what we usually do not pay much heed to is its impact on the job market and the unemployment rate, and that it could surprisingly turn out positive
Source | economictimes.indiatimes.com | Riya Tandon, ET Online
Inflation- a source of opportunities? Doesn’t align with what our class books suggested, right? Especially if you are a salaried employee who knows inflation could ultimately lead to unemployment, making an opportunity out of it sounds nearly impossible.
So, I think it’s time to go beyond those pages and draw conclusions based on the current market trends.
Whether you are a small business owner, a corporate giant, a 5 to 9 employee, or a homemaker, ‘inflation’ gives jitters to all. Generally, with the term inflation, people perceive a sudden increase in the prices of food and other products and services as well as a gradual drop in the purchasing power of consumers. However, what we usually do not pay much heed to is its impact on the job market and the unemployment rate, and that it could surprisingly turn out positive.