3 ms·
Depends on where you live. In developed nations there are now more people living in poverty. There's more unemployment, more people with no savings, more people
by api 9y ago
Depends on where you live. In developed nations there are now more people living in poverty. There's more unemployment, more people with no savings, more people in too much debt, and in the USA at least declining life spans among working class Americans.
A lot of people in the developed world are going to see books like this as a lot of out-of-touch "why do they not eat cake?" and self-congratulation by educated elites who don't have to work two jobs to afford the ever-increasing rent. Keep in mind that anyone making over $80-$100k is "elite" by global standards. That would include probably 80% of the users on this board.
Aggregate statistics can be extremely misleading. To give a wild example: if our understanding of the second law of thermodynamics is correct the entire universe is increasing in entropy. Does this imply that trees can't grow, cells can't divide, and factories can't operate? Aggregate trends do not imply much of anything at all about specific outcomes at a smaller scale.