2 ms·
Problem is that outsourcing and automation has collapsed the cost of most non-essential manufactured goods. These artificially depress the CPI and hide the cra
by api 6y ago
Problem is that outsourcing and automation has collapsed the cost of most non-essential manufactured goods. These artificially depress the CPI and hide the crazy inflation that is occurring in essential areas like housing, health care, and education... basically in anything that can’t be outsourced or automated.
Massively aggregated statistics like the CPI border on bullshit. They have too many hidden variables and gloss over far too much detail.