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Saturday, Nov. 1, 2014

Letters to the Editor

Thursday, April 3, 2003

Government raises

There are two sources of income to cover a paycheck. In private industry it is profit and in public service it is taxes. In private industry if a person is given a raise in wages but does not produce more, the price of the product will have to be raised. The same is true with a public employee who gets a salary increase. If they do not produce more or better the cost of services will increase.

If you increase the cost of goods and services you increase the rate of inflation and the cycle repeats itself.

Why is this simple law of economics so hard to understand?

V.F. Bartels

Storm Lake