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Firstly the price of beans, CPUs and clothes may have fallen - but the price of education, healthcare, energy and especially housing have not fallen. They take

Firstly the price of beans, CPUs and clothes may have fallen - but the price of education, healthcare, energy and especially housing have not fallen. They take up more and more of disposable income - and it's hard to argue that they are luxuries. Second "when some people get a lot richer" this especially pushes up the cost of housing (arguably education too) a rationed good. The experience here in the UK is that more and more people are renting from those who have the money to corner the housing market. A vicious cycle of money being redistributed upwards. No doubt type 1 and type 2 poverty are linked.

mac01021 10y ago
> the price of beans, CPUs and clothes may have fallen - but the price of education, healthcare, energy and especially housing have not fallen Over what time period do you mean? I'm pretty sure just about everything has a lower cost than it did 50 years ago, with the exception of real estate in neighborhoods where the population density has soared. If you don't insist on living in one of those neighborhoods, you can life that is better than what you'd have had in 1965 in every respect and spend less time working to support that lifestyle than you would have spent at that time for the inferior quality of life.