The reduced airline seat size + same or higher price looks like #shrinkflation to me http://t.co/NEKf1VfIGG @wef pic.twitter.com/2KuiXYkZTk
— Pippa Malmgren (@DrPippaM) September 27, 2014
Pippa Malmgren is a former member of the President's Working Group on Financial Markets, aka, the Plunge Protection Team
Pipa's picture is 8.5 years old from: http://www.nytimes.com/2006/04/25/business/25seats.html and is different from the article she references. The idea is congruent, however the study she references doesn't consider sitting vs. standing, only the value of reclining. It gives the impression she is embellishing a bit on a legitimate way the market is trying to determine pricing.
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