Everything’s more expensive!! Pet Care!! Concert Tickets!! (Two Indicators)

一切都在涨价啊!!宠物护理!!音乐会门票!!(两大指标)

Planet Money

2025-11-05

17 分钟
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People in the U.S. are feeling the financial squeeze, in part because of rising inflation, higher consumer prices and slowing job growth. The Indicator from Planet Money is tackling a special series on the rising cost of living. Today, two stories from that series. First, what’s making ticket prices go up? We look at the economics behind the ticket market and how “reseller bots” are wreaking all sorts of havoc. The industry is not a fan, and yet they do serve an economic function. And… why pet care costs have surged. It comes down to unique skills, people’s love for their pets and something called the “Baumol effect.” Related episodes:The Vet Clinic Chow Down What Do Private Equity Firms Actually Do? Kid Rock vs. The Scalpers Ticket scalpers: The real ticket masters Subscribe to Planet Money+ Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter. This episode is hosted by Darian Woods, Adrian Ma, and Wailin Wong. These episodes of The Indicator were originally produced by Cooper Katz McKim and engineered by Robert Rodriguez. They were fact-checked by Sierra Juarez. Kate Concannon is The Indicator’s editor. Alex Goldmark is the Executive Producer. Music: NPR Source Audio - "Wow and Flutter,” “The Groove Carpenter,” and "I Need You" Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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  • This is Planet Money from NPR.

  • Molly Obamsuin is a composer slash bassist slash singer-songwriter.

  • She plays different genres from jazz to rock.

  • She actually just performed two shows with Chela's Yo-Yo Ma.

  • And Molly says that a few years ago, she remembers ticket prices for other bands going up to $150.

  • And I was like, wow, I'll never charge.

  • more than that.

  • I remember saying that to myself, like, that's insane.

  • Like, I still want to be able to reach people who actually can't afford a $150 ticket, you know?

  • And I think it's important to be able to choose your audience that way and not just,

  • like, have your own success, carry an audience that is of a specific income bracket.

  • Live Nation CEO Michael Rapino, though, has a much different view on ticket pricing.

  • Live Nation is the parent company of Ticketmaster.

  • And Michael Rapino said last month that concert tickets are underpriced and have been for a long time.

  • That comment was tough for a lot of music fans to swallow.

  • I mean, take Bruno Mars.

  • He is playing two shows in Las Vegas in December.

  • I went on Ticketmaster yesterday and the cheapest seat I could find was $850.

  • Ticket price is going to Mars.

  • Maybe that example is on the higher end.