If you look only at wages that is true, but a big part is things becoming cheaper as well. And while money lose value, they can still buy a bit more stuff. A house or a car might be more expensive, but food and utilities should be less expensive. At least that's how I see it.
Replying to @dorinlazar
Some things are getting cheaper, some things are getting much more expensive ... that's Baumol's whole point.
4:48 AM - 27 May 2019
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