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>We have comforts and luxuries that were hardly conceivable 60 years ago, and they're well distributed The avg amount of hours worked has also gone up consider
by nylonstrung 10y ago
>We have comforts and luxuries that were hardly conceivable 60 years ago, and they're well distributed
The avg amount of hours worked has also gone up considerably in that time, as has the level of education and human capital. If you control for both of those we indisputably get paid less per hour, while at the same time education and healthcare have gotten more expensive.
Not to mention that US poverty rate has not declined at all in the last 25 years, a period of exponential technological progression.
- tankenmate 10y agoHousing costs in a large percentage of cities has also risen sharply as a percentage of take home pay.