With Positional Goods I believe he's strictly talking about keeping up with the Jones type things. So I get a fancy car just so everyone knows I'm fancy, but I

With Positional Goods I believe he's strictly talking about keeping up with the Jones type things. So I get a fancy car just so everyone knows I'm fancy, but I don't really care about it. While to some extent I think that's true with larger housing sizes for instance, I don't think that's the main reason why houses have gotten larger. Let alone computers and other inventions that we have now. In terms of concentrated wealth I do think that's an issue, but once again it isn't the whole story. The average person is richer then they were 20 years ago, and the person 20 years ago is richer then the person 40 years ago. This is true if you look at middle class, but also if you look at people making minimum wage.