Loading ...Yes, I added a few lines to prior. The biggest mistake TPTB did with their phony man made system was their FAILURE to tell the TRUTH, or calculate correctly, regarding the real inflation rate or cost of living expenses after 1971.
For a few decades, the real inflation rate was 7.5%. Houses food etc. Even the property taxes were and still are in my area running 7.5%. Many here doubled in past ten years. But TPTB kept reporting 2% inflation. So most corporations used that number for raises, and NOT every year either. So it all caught up to them. Thirty years after 1971 of 7.5% with 2% raises.
I know why they let that all go on, but that another story. About creating jobs.