Biden’s Economic Balancing Act

When President-Elect Biden proposed his latest economic recovery plan the intentions of which are sound but, therein lies potential setbacks to authentic economic stabilization of our economy. We have to point out that any increase in basic wages my sound like a dream come true for millions but, conversely consumer goods have always risen proportionally […]

Biden’s Economic Balancing Act

When President-Elect Biden proposed his latest economic recovery plan the intentions of which are sound but, therein lies potential setbacks to authentic economic stabilization of our economy. We have to point out that any increase in basic wages my sound like a dream come true for millions but, conversely consumer goods have always risen proportionally to any increase in incomes. A case in point: When the Alaska pipe line was being constructed wages for the average construction worker was around $80,000 per year.

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