I don’t know how I missed it, but I guess last month the US Post Office announced that they want to institute a five cent increase in stamps.
This would bring the price of a first class letter to a cool fifty cents.
Changes are definitely needed at the Post Office, which has been hemorrhaging money and is facing something like fifteen billion dollars in losses.
Personally, I think structural changes are the only thing that can save the USPS. As prices rise, I think you’ll find that people will just send less in the mail, so revenue won’t increase as much as they are hoping, if at all.