Try this thought experiment. Adjusted for inflation, would you rather make $50,000 in today's world or $100,000 in 1980's? In other words, is an extra $50,000 e

Try this thought experiment. Adjusted for inflation, would you rather make $50,000 in today's world or $100,000 in 1980's? In other words, is an extra $50,000 enough to get you to give up the internet and TV and computer that you have now? I think the more import trade-offs are around availability of free time, which probably has been reduced for a lot of workers by the internet and smartphones as well as technologies that allow individuals to do things that would be either labor intensive or have high capital requirements. I can do things today on a middle class salary that only a millionaire would have been able to do in the 1980's.