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Economic Growth

I can’t believe this actually needs to be said, but the more I read the news…

If the economy as a whole grows by lets say 1%, and almost everything else is growing at more than 1%, the economy is not really growing.

I mean, I don’t want to get into the intricacies of this, but if your salary doesn’t keep up with inflation that’s really a pay cut every year. Somehow, that concept seems to get lost an awful lot.

 

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