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How would the 1.1 percentage point reduction in the CPI inflation rate revise or change the rate of real wage growth in the United States over the previous decades
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How would the 1.1 percentage point reduction in the CPI inflation rate revise or change the rate of real wage growth in the United States over the previous decades

User Mehreen
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Answer:

The Boskin Commission adjustment caused the real wage growth between 1980, and 2016. Made a completely reverse direction or turn. Under the BLS data, real wage growth was -7.42% but under the Boskin adjusted data it was +36.28%.

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