[dzolob]

>>Even if they don't increase total consumer spending by offering better products and winning market share, they do increase consumer _wealth_. I'm glad I can buy a 65" 4k TV for as much as my parents paid for a 15" CRT 20 years ago, adjusted for inflation.

I think this depends of how are you calculating the cost of things. In this day in age, misery wages and huge negative externalities have more to do with cheap clothes and appliances than the sewing machine, imho. The later mostly contributed on how many of them you can make by the second, but you still need farms of people to work them.