4 ms·
Not even sure if that is true, as most measurements seem to be relative, like "x% are poorer than y%". Even if income has stagnated, it seems possible that buyi
by facepalm 10y ago
Not even sure if that is true, as most measurements seem to be relative, like "x% are poorer than y%". Even if income has stagnated, it seems possible that buying power has increased. I guess many measures try to correct for that, but maybe it is not enough.
I was impressed when I visited a medieval castle, where the luxuries of the lord included an automatically served table (that is, it would be manually lifted up from the kitchen). That required a whole castle with who knows how many employees.
These days, everybody can just Microwave their food, for a few bucks. Even though (almost) everybody is poorer than the medieval landlord in relative terms, in absolute terms everybody is richer.