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The standard of living rises with wages because we spend those wages on our standard of living. There's some segments like education and health care that are j
by treis 4y ago
The standard of living rises with wages because we spend those wages on our standard of living. There's some segments like education and health care that are just broken vampires sucking up resources. In some places housing gets added to that list due to zoning. But for the most part people are getting better things for the same effort of working than they used to.
- kosmos1337 4y agoIs there really that much to standard of living after you exclude education, health care, and housing? What's left? Eating out and electronics?
- treis 4y agoCars, hobby stuff, furniture, appliances, and so on