productivity changes are only part of the picture, for example real wages for most people didn't change much over the last decades, despite fabulous increases

productivity changes are only part of the picture, for example real wages for most people didn't change much over the last decades, despite fabulous increases in productivity. http://www.pewresearch.org/fact-tank/2014/10/09/for-most-workers-real-wages-have-barely-budged-for-decades/ http://www.pewresearch.org/fact-tank/2014/10/09/for-most-wor... (Still don't know how they measure real wages and purchasing power, thirty years ago you couldn't get a smartphone )