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11 sats \ 3 replies \ @cascdr 30 Jan \ parent \ on: Economist Reveals: "Inflation is Actually Bad!" (Econ Forces, Josh Hendrickson) econ
There's already hedonic adjustments. Those types of factors have been accounted for. It's not in the same ball park as the rampant inflation.
It is not possible to overplay this hand.
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You:
Cost cutting due to inflation is a factor. But on the another hand houses built today have features people in the 50s could only dream of.
Bureau of Labor and Statistics:
The CPI uses hedonic quality adjustments in item categories that tend to experience a high degree of quality change either due to seasonal changes, as in apparel items, or because of innovative improvements and technological changes, as in consumer appliances and electronics.
It is apt to point out that the hedonic adjustments you call for are already part of inflation data. And it is still abysmal. It is not as nuanced as you think.