It's interesting how quality of life baselines have increased so much in the last century. If you wanted to have the QOL of someone that lived in the American West a hundred years ago, it could be done today for probably $100 a month all-inclusive of food, clothing, and shelter. But you'd be eating the same 5-10 things repeatedly, wearing the same clothes, have a few books for entertainment, minimal or no electronics…
From John Maynard Keynes, "Economic Possibilities for our Grandchildren" (1930):
> > Now it is true that the needs of human beings may seem to be insatiable. But they fall into two classes --those needs which are absolute in the sense that we feel them whatever the situation of our fellow human beings may be, and those which are relative in the sense that we feel them only if their satisfaction lifts us above, makes us feel superior to, our fellows. Needs of the second class, those which satisfy the desire for superiority, may indeed be insatiable; for the higher the general level, the higher still are they. But this is not so true of the absolute needs-a point may soon be reached, much sooner perhaps than we are all of us aware of, when these needs are satisfied in the sense that we prefer to devote our further energies to non-economic purposes.