Why is the cost of living going up when technology should allow humans to increase productivity while decreasing human workload?
In: Economics
I’m not sure it is. A refrigerator is much cheaper now than in the 1950s. Computers are dramatically cheaper than in the 1980s. It is only some things that are more expensive, like housing (which is a big one unfortunately).
But if you wanted to live like someone did in the 50s you could pretty easily do that. It’s just that no one is OK with that standard of living anymore.
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