KrK
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| said by BF69  :A 2% yearly increase in wages will equate to a 48.5% increase in wages in 20 years. So even if basic cable goes up from $50 to $100 it will all equal out. Huh? How you figure that? Given your example, wages increased almost 50% but basic cable prices increased 100%
For it to "equal out" as you say your pay would have to have doubled. The way inflation, new expenses, and taxes work in the USA if you don't make 4% more every year you're actually losing ground.
Think about it. Doesn't sound so dramatic, does it? But what that means is after 10 years, you need to be *clearing* 40% MORE take home pay then what you made 10 years ago--- just to break even! And that's only counting average inflation. If you throw in dramatically increasing costs like Medical expenses, Tuition costs, insurance rates, and in the 2000's, energy prices, you'd really have to have increased your income by a lot more then that---- JUST to stay even.
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"Regulatory capitalism is when companies invest in lawyers, lobbyists, and politicians, instead of plant, people, and customer service." - former FCC Chairman William Kennard (A real FCC Chairman, unlike the current Corporate Spokesperson in the job!) |
