In a post I did of Canadian Bacon, where Ontario is considering using a formula to attach minimum wage to their CPI, GDP and Productivity, I used this chart made from Statistics Canada data:
For the American version of the same chart, I had to use U.S. Bureau of Labor Statistics indexes and re-index them to the Canadian model. Here’s what I came up with:
Real GDP matches (for the most part) CPI, as any inflationary economy would, but that’s about the only thing that matches.
It seems as though Canadian Bacon is much tastier than American Bacon.