Future of Work / The Economy
Inflation is a psychological phenomenon
“Inflation is as real as I have ever seen it in my 35-year career. It is global and seems to be pervasive across industry sectors and skill sets. I am seeing it in every client conversation at the C suite level, and it does have a cascading effect. And finally, it has an element of expectation, as we all know. I worry that the expectation of inflation may itself drive inflation.”
Tiger Tyagarajan, CEO, Genpact, in CEO Daily
“Inflation, at the end of the day, is a psychological phenomenon. Right now, the market is telling us that price increases haven’t yet fully infected people’s thinking about the future. But once they do, watch out.”
Alan Murray, CEO, Fortune Media, in CEO Daily
Brits think businesses are out of touch
The London Times on January 11, 2022, reported on a survey of 2,000 adults that found more than half of Britons “think businesses are out of touch and should focus on their staff rather than wider social issues.” Only 9% said businesses shared their values and a whopping 70% said “bosses should focus on communicating how they can better treat their employees or improve services for customers when they make public statements.