I'm trying to identity a missing variable that could affect poor and middle class consumers more than more wealthy/resourceful individuals.
Assuming that there are decisions regarding cost reductions that also affects product quality, how does "the need to pay more to obtain the same quality/benefit" align with inflation? ... cost of living?
Simple example, in the 1950's all farms sold (implicitly non-GMO) chickens at a given price. Cost minimization introduced decades later affected quality. No matter what drove the new consumer market for non-GMO/grass fed/humane treatment, these additional "features" now come at a premium.
There is probably a well known marketing/business school of thought about this pattern of getting consumers to pay more for what they are already paying for.
- How can I track cost of living with quality of living. Is there any metric that would help identify what I'm referring to "shadow inflation" that affects product quality? Since it's difficult to get a fiscal correlation over time for this, perhaps the quantity of students enrolled in curriculum X which promotes said business methodology?
...Or the revenue of companies that offer consulting services to enact this change?