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It's debatable, of course. Some points I would add:

- Prices of healthcare, education and housing have increased in real terms

- Double income trap

- Shift from well paying union jobs to gig economy, temp agencies, Amazon warehouse etc. leading to precarious employment

- Opiod crisis

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I don’t know about the hypothetical average person from Arkansas but I’m sure the average Israeli, South Korean, Taiwanese, Czech and many others are immensely better off today than in 1980.

And in 40 years the same will be true for the average Indian, Vietnamese, Bangladeshi and the other fast growing developing economies of today (unless climate change wrecks havoc in the tropics by then).

We’re seeing the highest growth in the countries that aren’t already at the top.

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