2 ms·
Another totally plausible explanation is that CPI massively underreports inflation. Productivity is inflation adjusted. If you have 10% inflation but report it
by 4death4 3y ago
Another totally plausible explanation is that CPI massively underreports inflation. Productivity is inflation adjusted. If you have 10% inflation but report it as 5%, then it will appear that you’ve gained 5% productivity when you haven’t.