Shrinkflation and Greedflation – Biden's Terms for Corporate Exploitation
Just when you thought corporate greed couldn't sink any lower, enter shrinkflation and greedflation - terms coined by President Biden to shine a harsh light on the shady practices of big businesses. Shrinkflation is the sneaky tactic of reducing product sizes while keeping prices the same, while greedflation points to the insatiable hunger for profits at the expense of consumers. In a world where companies prioritize their bottom line over customer satisfaction, these practices reveal the dangerous levels of corporate exploitation lurking behind seemingly innocuous products.Key Takeaways: Shrinkflation: Corporations employing underhanded tactics to maintain profits by reducing product sizes while…