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The Wealth of Dragons
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this post was submitted on 05 Mar 2024
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I've seen this argument before.
Maybe if you shill for billionaires a bit harder they'll give you one of their yachts.
If you think we are materially worse off now than we were before the introduction of automation you are either pushing hardcore propaganda or absolutely delusional.
Real median middle class income has stayed effectively constant since the 1980s. However, with automation the variety of goods available at that income level have dramatically improved. This is the benefit that the consumer sees and pretending it’s not a real benefit is disingenuous at best.
You really think so? That would be amazing
"Real median middle class income has stayed effectively constant since the 1980s"
That's the entire point that was being made in the first place! Productivity has increased massively, income has "stayed constant" - So, we're working harder and producing more for the sole benefit of the rich.
While it's true that new inventions do make people's lives materially better, the point that's being missed is... this is an inevitable consequence of the development of society, we'd have these new inventions regardless of our economic systems or choices of where to tax people, or economic policy. Those benefits aren't caused by the widening wealth gap, and the wealth of billionaires isn't required for new inventions to be made.
What we're talking about here, specifically, is that people are producing more wealth, but not getting wealthier. The wealth of people has "effectively stayed constant since the 1980s" but the total wealth we're creating has gone up significantly. It's certainly nice that we have more things we can spend that wealth on, but that's a distraction from the issue of where the rest of the wealth is going.
If you actually look at people's lives, "materially" and look past the inevitable march of technology, what else is happening? 70% of people are "living paycheck to paycheck"; poverty, and child poverty are massively increasing; many schools can't afford to give children textbooks; and teachers have to buy school supplies out of their own meager paychecks; the cost of healthcare is increasing, leaving many unable to afford it (or in non-USA countries, where everyone can afford healthcare, waiting lists are increasing due to poor funding); Towns are bankrupt and can't afford to repair infrastructure; the quality of most goods (clothes, houseware, and furniture especially) are decreasing to the point where they fall apart in a few years; and most public services are on the verge of collapse.
The cost of housing is so high that younger generations don't even aspire to own a home any more, the cost of higher education is so high that people expect their student debts to never be paid.
So yes, it's nice that we have Facetime and Playstations, Those things do make our lives better... but you have to consider, if the "increased productivity" of workers was going towards society and making our lives better instead of enriching billionaires, could we address some of this?
My dude, this is pretty uncontroversial, mainstream economics and sociology, which is being backed up by actual data. You are so terminally online, you are literally rejecting any message which isn't wrapped in populist fan service. Do better. Touch grass.
Can you provide a single metric which demonstrates that modern humans are worse off than they were 200, 100, 50, 20 years ago?
Sure. Let's take 20 years.
Healthcare outcomes are worse. Healthcare is more expensive. Life expectancy is lower. Fewer people can afford to buy a home. Fewer people can afford to retire. Commutes are longer. People have to work more hours in a week to get by. A higher percentage of people are living paycheck to paycheck. Infrastructure is collapsing. Towns are in more debt. Higher education is VASTLY more expensive. Literacy rates have decreased. A vastly higher percentage of people work two jobs to make ends meet A vastly higher percentage of households require two working adults, rather than one working adult, to pay bills.
But sure go off about how it's so great we have the Apple Vision Pro now.
Pretty sure Life Expectancy and Literacy Rate are both higher in 2024 than in 2004, whether you look at US or Worldwide statistics.
Most of the other metrics aren’t really measurable, and while I agree with some of those, you definitely didn’t factcheck before writing.