> Hedonic adjustments is a trick to steal the benefits of progress from workers.
This claim is crazy. Sorry. No one in the BLS or BEA is trying to “steal benefits”. They are trying to understand the very hard problem of valuing consumer goods for which prices are generally falling and quality is generally increasing.
This claim is crazy. Sorry. No one in the BLS or BEA is trying to “steal benefits”. They are trying to understand the very hard problem of valuing consumer goods for which prices are generally falling and quality is generally increasing.