How Christmas gifts destroy value
Were you satisfied with your Christmas presents, or have you perhaps already exchanged some of them? Private consumer spending is at its peak in December, mainly due to Christmas gifts. According to GDI calculations, more than CHF 2 billion were spent on them in 2023. While this additional consumption injects money into the Swiss economy, some economists argue that significant value is destroyed through gift-giving.
4 January, 2024 by
GDI Gottlieb Duttweiler Institute
AI replacement of human labor is going to be threatening to many people
Stefano Puntoni is a Professor of Marketing and Behavioral Researcher at the Wharton School, University of Pennsylvania. His research focuses on how new technologies are transforming consumption and society. In an interview with the GDI and during the 20th European Trend Day, he provides insights into his research and delivers an important message.