Everything’s more expensive!! Pet care!! Concert tickets!! (Two Indicators)

This episode of Planet Money, part of a special series on the rising cost of living, explores the economics of the ticket market and the increasing expenses of pet care. The first segment investigates how reseller bots impact ticket prices, featuring insights from venue operator Lauren Wayne on combating these practices and economist Alan Sorensen on market mispricing. It also touches on legislative efforts to regulate ticket reselling. The second segment examines the surge in pet care costs, attributing it to factors like increased operating expenses for veterinary practices, the economic principle of Baumol's cost disease, corporate ownership trends, and a greater willingness among pet owners to spend on premium care. The segment includes veterinarian Adam Hetchko's perspective on these challenges and offers advice for managing pet care expenses.