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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (5808)3/8/2002 12:24:35 AM
From: Raymond Duray  Read Replies (1) of 33421
 
I'm sure you are right. As we become much more of a service economy, as opposed to a manufacturing economy, there will be many interesting distortions.

The "hedonics" issue was well covered by Kay, and I find myself basically in agreement with his postulating that hedonics has helped to overstate GDP. Good for those who have to pay "COLAs", not so good for the recipients. But, that, I believe, was the whole idea. :)

-R.
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