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> There is no world where you get all that for the same percentage of income. There is if we are comparing 2026 to the 70s. Technology has increased productivi
by thayne 8mo ago
> There is no world where you get all that for the same percentage of income.
There is if we are comparing 2026 to the 70s. Technology has increased productivity overall. If those gains were distributed more evenly, it is more likely that the cost of, say a car, would be similar to the same percentage of income.
- WillPostForFood 8mo agoProductivity is up ~3x since 1970, but the car price has gone up 25x. It is driven by the massive increase in features/complexity on cars, and that means it will cost a bigger percentage of income. There is no possible redistribution of gains that would have driven income up 25x to match the car prices.