Good old days

One of the favorite topics for old men is to compare the prices today with prices when they were kids. They all remember five gallons of gas for a buck. The point is that prices have been rising since the end of WW 2. The government can make some changes that will slow the price increase but to have a decrease in overall prices has not happened since the great depression. Inflation has averaged 3.5% since 1950 and the trick is to have wages increase faster. This has been done in the past and can happen again. Since 1950 wages have increased by 4.5%. While the average looks good the increases have been skewed toward the rich with the middle class averaging less than one percent in the past 50 years. This was the result of sending manufacturing jobs over seas but that has been changed and those jobs are coming home