As a New York, taxpayer & consumer its hard to ignore the thievery & corruption that has been plaguing America. While on twitter 2 weeks ago, I read someone's post which posed the question, "Why is there no coverage of Occupy Wall Street from NY Bloggers?" I myself had not written a thing about it. After all, I'm a fashion blogger, "What could it possibly do with me, right?" Well it has a lot to do with me, with us. We the consumers drive two-thirds of economic activity. The way corporations & lawmakers operate greatly affect us. We owe it to ourselves to pay closer attention.
Last week, while perusing this season's "Conscious Collection" at H&M (42nd St. & 5th Avenue store) I could not help, but notice that their price tags are higher than normal. A trend, I have been noticing lately from Urban Outfitters to Zara, to Mango & Forever 21. As costs for labor and raw materials rise, we are forced to pay significantly more for products that are inferior. Poor quality + higher prices = inflation.
Inflation has arrived and the era when retailers & manufacturers absorbed price increases to protect consumers is over. Consumer prices are expected to increase significantly this fall and into the holiday season. Pay close attention next time you're at the cash register, you will definitely feel the squeeze.
For more on Occupy Wall Street, follow the links below.
Occupy Wall Street: Washington Still Doesn't Get It - Matt Taibbi
Why Isn't Wall Street in Jail
Today in Occupy Wall Street
Hit bankers where it hurts - Matt Taibbi
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