Affordable hi-tech is one of the results of stagnant salaries, isn't it?
People have same salaries but can afford supercomputer with a great camera in their pocket. I could only dream about it in 2000.
People have same salaries but can afford supercomputer with a great camera in their pocket. I could only dream about it in 2000.
And I have covered only one minor thing supercomputer in your pocket does.
Most people use it for entertainment but we really are spoiled with the amount of information at our fingertips. The good will of professionals sharing their know-how online has helped my career grow and made me much more self-sufficient in other areas.
Tangentially regarding wage growth, sure growing some of my food or fixing my car is a net-loss in terms of potential earnings because of the invested time, it's well worth it in other respects. Also, developed countries have a pretty good standard of living already. Needless consumption is a greater problem IMO.
The main cost issues today are healthcare, education, and housing.
- People on average have less disposable incoming due to rising costs of housing, education and healthcare.
- Some goods (e.g. computers) have gotten dramatically cheaper in the last 20 years.
So you can save a little by not having the latest products and services, but it is insignificant compared to the overall financial challenges people face. [1]
[1] https://www.theguardian.com/commentisfree/2017/may/16/avocad...
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Exactly, thank you :)