> products targeted at poor people are actually amazing. > pretty reasonable standard of living This is a deep misunderstanding of what constitutes progress a

> products targeted at poor people are actually amazing. > pretty reasonable standard of living This is a deep misunderstanding of what constitutes progress and a reasonable standard of living. Modern TVs and phones are great, sure, but they're an order of magnitude smaller than big-ticket costs like housing and education. Combined with real wages being stagnant since the 70's, most Americans have seen their standard of living decline.