Objectivly. Yes. Not only am seeing it being used to increase farming yields it's also improving healthcare. Both water and electricity are the lowest they have ever been as a percentage of income and only getting lower. People keep looking at flat dollar figures like inflation isn't a thing and it's still 1995 or something. In reality we're accelerating to an abundance economy.
I must be living in a different universe. Where I am, people under 40 cannot afford to buy a house. This was certainly very different in the 80ies of 90ies.
https://finance.yahoo.com/economy/articles/most-us-richer-ev...
The pessimistic attitude here is exhausting. In reality it's by far the best time ever to be a human on this planet.