Let's not forget the 0% inflation. *rolls eyes*
I guess they read 8.9% and decided to round up to zero...
Schools should evaluate the short-comings of past graduates and concentrate of improving those areas. One major one that has always been lacking is economics and fundamental money management.
The illusion of greatly increasing the minimum wage, money printing (diluting existing funds) sounds great for people that have no clue of the repercussions.
They have gained absolutely nothing - in fact things are worse as even with the increased salary, the buying power is at least the same percentage less. Net effect is zero.
Just watch old TV shows like Andry Griffith to see what priced used to be. Naturally people made far less money too. If inflation goes up 9% and you get a 4% raise, you are losing money. Also, if you are getting 1% interest in the bank, you are losing money (based on buying power) by letting it sit there.
I would rather get a 1% raise and have 0% inflation. At least you really gain 1% vs the illusion of getting 4% (more money) and less buying power.
- Mark
--- WWIVToss v.1.52
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http://www.weather-station.org * Bel Air, MD -USA (618:100/12.0)