For individuals and businesses alike operating within the aviation industry, inflation can be quite devastating. First, inflation causes businesses to raise prices to compensate for the increased cost of producing goods and services to consumers within the industry. Second, increase prices cause individuals to generally experience a lower standard of living. Thirdly, and possibly most importantly. Increase inflation leads to individuals realizing decreased real income.
In this episode of the On Aviation™ Podcast, we discuss how inflation affects the incomes of individuals and businesses within the aviation industry. We define real income and provide some insights into how individuals and businesses within the industry can deal with rising inflation moving forward, particularly as it relates to income.
Articles:
Inflation: Higher costs and their effects on Flight Schools – https://www.linkedin.com/pulse/inflation-higher-costs-effects-flight-schools-orlando-o-spencer-i-/
Inflation Slows, Great News for Income Earners? Well… – https://www.linkedin.com/pulse/inflation-slows-great-news-income-earners-well-orlando-o-spencer-i-/
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