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On average everyone is wealthier.
Linux at NASDAQ OMX
Posted Nov 4, 2010 10:39 UTC (Thu) by linuxrocks123 (guest, #34648)
Posted Nov 6, 2010 16:57 UTC (Sat) by tialaramex (subscriber, #21167)
However you and I are interested in the real economy, which is not concerned with money, but with the goods and services which we obtain in exchange for our labour. So we see a different picture. Everybody has better goods and services than thirty years ago, and the richest can afford only very slightly better toys and nicer services than the poor, despite their bulging wallets. Ordinary working people today may easily obtain things that were beyond the reach of the richest people alive a few decades go.
Yet a third way to look at it is happiness. People seem to be not much happier than previous decades, and wealth or poverty seem to have little impact so long as a person is not so very poor that they lack food and shelter and fear for their life.
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