> This projection came true. You can live with a 1930s living standard while working 15 hours per week at a median wage.
Maybe not if you want to own a home. Asset price inflation is real. If you already own a home, sure.
Maybe not if you want to own a home. Asset price inflation is real. If you already own a home, sure.
- The productivity growth really has had incredibly strong deflationary effects. So much more, more diverse, tastier and healthier food for example, for so much less money.
- The growing affluence has really created incredible opportunities for scavenging from the waste stream. A practical example. About half of the food I eat is leftovers from a nearby school. I'm proud to be saving good food from going to waste _and_ it lowers our expenses quite significantly.