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It takes a special kind of logic to look at rising prices, stagnant wages, and conclude that things are better. Oh, no, wait, you didn't say better/worse, you said 'goods that we have less of'. So even if people bankrupt themselves over a broken leg, or go into decades of debt for a home or education, everything is just peachy! Even better, actually, since we can add credit availability to the list of things we have more of! http://www.businessinsider.com/chart-of-the-day-credit-card-... There's also more jobs: https://www.bls.gov/opub/ted/images/2012/ted_20120731a.png ! Gone are the dreary days when you were set for life by your 2nd job - these days you could find yourself looking for a new job any moment - how exciting! Edit: Oh, and there's more prisons, too! https://www.prisonpolicy.org/prisonindex/overviewincarcerati... I guess I stand corrected, we have more of everything, and shouldn't complain, even if corporation's obscene wealth allows them to buy politicians and regulatory agencies. Who cares how concentrated power and wealth are, as long as there's enough bread and circuses. |
I'm not sure how you believe it's possible that consumption is up while compensation is stagnant and prices are higher. Could you explain - with numbers - how you propose that standard accounting identities are violated?