Well the assumption back then was wages would keep up with productivity growth and prices wouldn't rise to gobble up what gains had been made. Both of those hav

Well the assumption back then was wages would keep up with productivity growth and prices wouldn't rise to gobble up what gains had been made. Both of those have proven false, first wages stagnated while productivity continued to rise and then housing prices have completely shot through the roof in most major cities from a combination of limited supply and speculative investment.