One of the criticisms I’ve had about the way BLS calculates price inflation is the Hedonic adjustments applied by the Bureau. We’ll spend some time in the near future discussing and debating the weaknesses of hedonics.
For tonight’s open thread, I want to ask a slightly different question.
What aspects of the modern economy have resulted in product degradation, i.e., increased time consumption for services; on hold for tech support, weaker quality goods, or any other negative factors that are not otherwise incorporated into price?
Call these the "Anti-Hedonics." They are the effects of living in an "Always Low Prices" world that results in a poorer product or service for the same amount of money.
Question: What does the flipside of hedonics -– dedonics? — look like?
What say ye?