Perhaps the bigger issue is old wealth destruction. We live in a world of effectively infinite low cost electronics, clothes and food, but the things which used to be abundant are now actually quite scarce.
Housing is most obvious example here - but the costs of driving (excluding vehicle purchase), childcare, wedding, and energy are now radically higher than ever before. In these areas it feels like we've gone backwards in productivity.
Perhaps the bigger issue is old wealth destruction. We live in a world of effectively infinite low cost electronics, clothes and food, but the things which used to be abundant are now actually quite scarce.
Housing is most obvious example here - but the costs of driving (excluding vehicle purchase), childcare, wedding, and energy are now radically higher than ever before. In these areas it feels like we've gone backwards in productivity.