> I like to say if your income is consistently growing at ~10% every year, when the economy is growing at 2-3%, you're likely making someone worse off. That is

> I like to say if your income is consistently growing at ~10% every year, when the economy is growing at 2-3%, you're likely making someone worse off. That is like saying, "The average age of the country is growing at 0.1% per year while my age is growing at 4% per year, therefore I must be making someone else younger." Income usually increases over the course of a career, but in the end, people retire or die and stop contributing to the average.