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Just about all of the P.O. Shortcomings could be cleared up if they could actually raise prices to the public. I always find it hilarious how people, including myself, freely complain about their service but when confronted with higher taxes or price increases to support it, balk! Cost have went up. Fact of life. I’m not talking about salaries and pensions alone, but everything. I just find it suspect that any changes made immediately before an election where mail in voting is the talk of the town is quite questionable.
I've read this line of thinking before @Bucky but the problem with respect to raising prices is that (for many) the ship has sailed and we no longer use the Postal Service at all. I've recounted this previously but in a typical year, I may mail (at most) 2 or 3 items requiring a first class stamp as I am willing to do the overwhelming majority of my financial transactions electronically. As this usage pattern describes a growing number of people each year, raising the prices at the Postal Service would only serve to drive more people toward UPS, Fed Ex, DHL, etc.. I don't think raising prices is the answer, rather the USPS needs to evolve with respect to the functions it performs.
Along that line of thinking, @Brett is also spot on noting the many regulations making the job of reforming the USPS near impossible.
If we could go back in time, I think we could find a similar argument about the Bell System. Once considered an essential backbone item, phone service today looks nothing like it did a generation ago. It may be time for the US Postal Service to either adapt or die.