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Wages and salaries rose 2.9%. Employer benefits increased by 6.9%.
While this rate of inflation is within acceptable limits, the architects of the U.S. economy will have to be on the lookout for further increases in the CPI. If inflation continues to increase in this fashion, eventually we may reach the point where wages are outstripped by inflation, making the AMOUNT of goods and/or services that one could purchase with the American dollar decrease...
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This would make it advantageous for foreign companies to increase imports to the United States at relatively cheap prices, which I will cover in the next section. In that case, the administration may need to institute further measures of protectionism to keep the U.S. Economy afloat. However, this does not appear to be the case according to projections...
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