>>> Despite the setback of the Great Recession, the U.S. economy more than doubled in size during the last three decades while middle-class incomes and buying power have stagnated.... <<<
Is that what common folks call inflation? When everything costs more but income hasn’t grown in proportion...
Seriously. $4.00 for a gallon of milk?
“Is that what common folks call inflation? When everything costs more but income hasn’t grown in proportion...”
Sounds like it to me! The sales tax on a restaurant meal in South Carolina is now greater than the entire cost of the meal PLUS TAX was fifty years ago. I’m about fourteen weeks away from 72 and during my lifetime we have gone from a postwar time when working people scraped by on the barest necessities to the late sixties when young men finished high school, went to work and became married family men and homeowners by their early twenties to the current situation in which people finish high school with a fourth grade education, finish college with a sixth grade education, take a part time job that a tenth grade dropout would have scorned fifty years ago and move back in with their parents.
Yeah, but it only costs half that for a gallon of gas...No one griped about milk when gas prices were high, and hamburger is through the roof.
Don't have to worry about the golden calf being worshiped. They fattened it up and butchered it and it's in the meat case.