Reply #20: The Reagan administration re-defined inflation criteria. [View All]

[Pobeka]

And it magically went down. American corporations were instantly able to lower their annual pay raises to employees on the premise that the base rate for raises was to keep up with inflation.

But reality is not magic. You can't change what the average person has to buy. Milk, food, housing, electricity, transporation, all the things we need to live have not changed, only what was used in the inflation calculation.