> I think every discussion about worker pay should include the Federal Reserve/fractional reserve banking/fiat currency.
Why?
> CPI is a terrible indicator that doesn't include productivity gains.
It's a price measure, why would it “include productivity gains”. There's certainly a use for a productivity index, but it has very little to do with the basic purpose of CPI.
> Is the problem corporations,
No.
> Or fiat currency?
Also, and even moreso, no.
It's largely fiscal policy doing exactly what it was chosen for the purpose of doing.
CPI is a terrible indicator that doesn't include productivity gains. Inflation numbers from the government are notoriously unreliable.
Is the problem corporations? Or fiat currency?