CHCH-TV Economic Explainers Series - Centre for Future Work

CHCH is an independent television station based in Hamilton, Ontario. As part of its Trending Now news series, journalist Tessa Bennett has produced several short explainer videos on economic topics of interest to Canadian consumers, featuring analysis from Centre for Future Work Director Jim Stanford. Individual segments can be accessed through CHCH’s YouTube channel, via the links below.

#1: Shrinkflation: Getting Less Bang for Your Buck

A sneaky way for companies to raise the effective price on their product, is to reduce the amount that consumers receive for a given amount. This problem of ‘shrinkflation’ became more common during the recent surge in inflation.

#2: Rise of the Surcharge: Extra Costs Added by Merchants

Have you ever worked your way through an entire inline order form, only to discover an extra charge (for delivery, processing, or ‘convenience’) added at the very bottom? This practice is used by merchants to maximize their revenues – and in some cases, these extra fees are tailoured individually just for you!