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Quality of life has massively degraded in absolute terms. It has degraded because a huge fraction of productivity that used to be dedicated to improving the liv

• frontman1988 3y ago
  Quality of life across the entire planet has probably improved. Billions of Indians and Chinese have been lifted from gut wrenching poverty thanks to the shifting of the American manufacturing and services industry to these nations. As a result of this American living standards have decreased but it has also benefited a lot of people across the globe
• gruez 3y ago
  >Quality of life has massively degraded in absolute terms by what metric? >It has degraded because a huge fraction of productivity that used to be dedicated to improving the lives of average people is now dedicated to improving the lives of the extremely wealthy. 1. define "huge fraction" 2. define "productivity that used to be dedicated to improving the lives of average". I want to see statistics for it. If you're talking about government spending, US government expenditures as percent of GDP is either flat or slowly creeping up[1] in the past few decades. Medicare spending[2] has been creeping up for years and far exceeds GDP growth. [1] https://fred.stlouisfed.org/series/FYONGDA188S https://fred.stlouisfed.org/series/FYONGDA188S [2] https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/ https://www.statista.com/statistics/248073/distribution-of-m...