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<p>[QUOTE="doug444, post: 1977562, member: 38849"]No, of course not. In your entire career, don't you want a couple of raises? If you</p><p>start at Kroger's as a stockboy for $7.88 per hour, don't you eventually want to be a manager (of some kind, 3 years later) at $17.40 per hour?</p><p><br /></p><p>By the way, in 1913, the year the Federal Reserve was created, while Congress for all practical purposes wasn't watching, a dollar was worth a dollar. Today, 100 years later, a dollar is worth about 4.8 cents (in terms of 1913 purchasing power) -- now that's inflation. There are some arguments for mitigation via improved technology, such as for items like computers, telephones, automobiles, furnaces, tools, etc., but for items like fuel, land, basic foods, etc., the calculation's correct.</p><p><br /></p><p>See <a href="http://www.usinflationcalculator.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usinflationcalculator.com/" rel="nofollow">http://www.usinflationcalculator.com/</a> , which uses monthly CPI data.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1977562, member: 38849"]No, of course not. In your entire career, don't you want a couple of raises? If you start at Kroger's as a stockboy for $7.88 per hour, don't you eventually want to be a manager (of some kind, 3 years later) at $17.40 per hour? By the way, in 1913, the year the Federal Reserve was created, while Congress for all practical purposes wasn't watching, a dollar was worth a dollar. Today, 100 years later, a dollar is worth about 4.8 cents (in terms of 1913 purchasing power) -- now that's inflation. There are some arguments for mitigation via improved technology, such as for items like computers, telephones, automobiles, furnaces, tools, etc., but for items like fuel, land, basic foods, etc., the calculation's correct. See [url]http://www.usinflationcalculator.com/[/url] , which uses monthly CPI data.[/QUOTE]
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