A penny hike in the cost of a first class stamp will help the financially-strapped U.S. Postal Service bring in $888 million a year but it’s not enough to save many jobs, according to a Cornell University management expert.

Rick Geddes, an expert on the Postal Service, tells Breaking Gov that the price hike is just a small part of massive changes the agency must undergo as it tries to solve its budget deficit and huge loss of mail volume since 2007. The Postal Service will still have to close rural offices and big sorting centers to downsize to today’s mail economy. Keep reading →