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Don't be too optimistic about "smaller seats meaning lower costs" because it might not. Cereal packages has gotten smaller, but the prices for cereal hasn't go
by bausshf 8y ago
Don't be too optimistic about "smaller seats meaning lower costs" because it might not.
Cereal packages has gotten smaller, but the prices for cereal hasn't gone down.
- jdpedrie 8y agoThat's a bad comparison. Generally, shrinking the size of a packaged good is a way to compensate for inflation without sticker shock, a huge problem in a very price-sensitive market like groceries. The chief the government measures inflation, in fact, is the Consumer Price Index, which measures the cost of a "basket" of consumer goods. [0] The cost of flying, on the other hand, has fallen dramatically since deregulation. [1] [0] https://www.bls.gov/CPI/ https://www.bls.gov/CPI/ [1] https://www.theatlantic.com/business/archive/2013/02/how-airline-ticket-prices-fell-50-in-30-years-and-why-nobody-noticed/273506/ https://www.theatlantic.com/business/archive/2013/02/how-air...