by Warpigs » Thu Feb 03, 2005 9:40 am
I guess my point in all this is not that we should officially revert back to 1975 currency value, but overall how we can stop the cycle of wages increasing costs increasing wages increasing costs (of things). It may be a good thing in a gradual sense, but it would be interesting to find a rate of inflation chart somewhere to see just how fast our wage/cost cycle is accelerating lately. It's almost to a point where the American dollar will become as meaningless as monopoly money. Consider that it has increased in every facet. Even the tooth fairy can't get away with leaving a quarter without being considered a cheapskate any more. Average allowance for a child has skyrocketed, etc. The idea that we're all supposed to be excited when the gas prices now drop to $1.75 a gallon is ridiculous considering just a few years ago no one could even imagine paying $1.75 for a gallon of gas in the US (I know gas prices are seperate from other inflation rises). Still, it's almost like we're all expected to just blindly accept that we're going to pay almost double for our kids college degrees than what we paid ourselves, that everything will cost more. Wages may increase some over time, but will they be able to keep up with the accelerated merchandise values?
