Keeping up

The US Postal Service is raising the price of first class postage to 42 cents in May. But that’s not the significant item in the report.

…under the new law regulating the post office that took effect in late 2006, the agency is allowed to increase rates with 45 days notice as long as changes are within the rate of inflation for the previous 12 months. The Postal Regulatory Commission calculated that rate at 2.9 percent through January…

Notice Joe Manchin has offered a 3% raise for teachers and state workers for this year? That means they might actually keep up with last year’s inflation.

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