A coincidental convergence of recent tweets: we are wasting the surplus from technical and economic innovation on mandatory, soul-killing busywork. 1/https://twitter.com/literalbanana/status/981730992330174464 …
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A large majority of people, in the form of more and better goods and services.
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real wages have been stagnant or declining for the vast majority of people. underemployment in the working class and long hours in the white collar class have become the norm. gains in increased productivity have accrued primarily to capital. but yeah, your iPhone is cheaper.
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Median real wages have not actually stagnated when you use a proper deflator (i.e. not CPI, which is heavily biased upwards). Even more so if you correct for other effects like changing household size.
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have negative interest in arguing over econometric minutia. in David's thread he points out that IT automation has not improved perceived (or real, but that's what you're arguing against) quality of life for anyone. I strongly agree. Do you disagree?
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I strongly disagree.
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He points out tax season - I have a modestly complicated tax situation changed from single to joint filing, rental income, a real estate transaction) and I was able to pay a modest amount of money to make taxes pretty easy through an online system.
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(These taxes would not have been any simpler to calculate twenty years ago, by the way.)
End of conversation
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