Earlier quoted context omitted.
And it almost always is through cheaper products to the end user.
Renters are ecstatic as price of commodities are plummeting as house prices go up and up: “distracting myself has never been this cheap”, Anon. says. People think they can do one-sentence quips to describe how economies work.
https://www.aei.org/carpe-diem/chart-of-the-day-or-century-3
The story of this decade is that people think the economy is terrible despite the usual metrics like unemployment and inflation being not too bad. One explanation is that before 2008 young people could get on the housing ladder but we quit building single family houses and it got harder to get a mortgage -- you see cranes in the air in many towns and sometimes 5-over-1s going for miles in some places like the DC suburbs.