Regulators on Christmas Eve approved a "temporary" price hike of 3 cents for a first-class stamp, bringing the charge to 49 cents a letter.
The higher rate will supposedly last no more than two years, allowing the Postal Service to recoup $2.8 billion in losses. By a 2-1 vote, the independent Postal Regulatory Commission rejected a request to make the price hike permanent.
1st class postage was 3 cents in mid 20th century. Even in the USPS I'm certain productivity improved with automation. So is it mismanagement, inflation, or both.
ReplyDeleteIn future news, the postal service would like to announce that the 3 cents raise in price was, as promised, temporary. The new price will be raised another 3 cents. Who says governments can't keep promises!
ReplyDeleteLOL!! Temporary my ass!
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