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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asked Aug 25, 2022 58.6k views

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Rafouille · Answer 1 · 2022-08-30T03:23:55+0000

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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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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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