Earlier quoted context omitted.
Throughout 99% of human history, the economy was mostly zero sum. If someone was rich it was because they stole it. If a group was wealthier it was because they stole it. By "stole it" I'm including theft of labor through slavery as well as the usual conquests and raiding. There was little to no innovation over time spans as long as thousands of years. Most of human culture and philosophy evolved during these periods…
You're ignoring inflation. Real (inflation adjusted) median earnings are up 12%, in total, over the past 45 years. [1] That also understates the problem because many things (education, healthcare, debt costs, etc) are understated or not even considered in inflation measurements. There's also been a substantial increase in baseline necessities for the average person (internet, computing device, etc). Factor these in a…
So what your saying even though peoples baseline expectations are higher they got, cellphones, Netflix, and are taking home more money?