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by lotsofpulp 1043 days ago
Expectations of comfort are always changing. Humans are a competitive species.

If the expectation for quality of life for the vast majority is living off of 1 income household, then that is an acceptable quality of life. If that expectation for the vast majority changes to quality of life by living off of 2 income households, then a quality of life from a 1 income household is no longer sufficient.

Also, expectations of work itself change. It could be possible that a sufficiently large portion of the population is simply unwilling to change bedpans for a price close to what old people themselves can afford (even if the cost is implicit from getting services from a family member). In this case, it becomes a political issue of how to allocate labor, i.e. who to tax, how much to tax them, and who gets the benefits of government spending.

1 comments

This [1] page shows changes in real average household incomes from 1965 to 2020, broken down by quintile. Keep in mind the sharp increase in the number of necessities in modern life as well as things like healthcare, education, and housing inflating in price way beyond the rate of nominal inflation. Economically, many people certainly had significantly better lives in the past. Of course that would also have been a life generally without mass computing, the internet, and other such things. And I did say "many people", as it seems the bare median has probably moved up just enough that they're probably better off, but it's really uncomfortably close when one thinks how much we 'ought' have improved.

[1] - https://www.advisorperspectives.com/dshort/updates/2021/10/2...