The amount of wealth in the world is roughly the same, but the perceived value of cash has risen relative to everything else. The "wealth" has gone to the peopl

The amount of wealth in the world is roughly the same, but the perceived value of cash has risen relative to everything else. The "wealth" has gone to the people who happen to be sitting on a lot of cash at the moment while people with lots of Plasma TVs in storage (for example) are finding they're not as wealthy as they thought they were. I expect our kids are still going to have to work as hard as we did in order to buy those Plasma TVs. Even if they cost less, they'll probably be getting paid less too.