this post was submitted on 15 Mar 2026
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126
The Productivity Paradox: Why Technology Makes the Economy More Efficient But Most People No Richer (www.fullstackpm.tech)
submitted 16 hours ago by JensSpahnpasta@feddit.org to c/technology@lemmy.world
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[โ€“] iopq@lemmy.world -1 points 4 hours ago (2 children)

Wages have increased a huge amount from the 1980s

[โ€“] Filetternavn@lemmy.blahaj.zone 1 points 1 hour ago* (last edited 58 minutes ago)

I'm not OP, but to play devil's advocate:

Wages have not raised as quickly as rent has raised, unfortunately. As per the U.S. Department of the Treasury (posted during the Biden administration):

This is inflation-adjusted, so it is comparable to your data. My point here is that while average wages have increased, average available spending money after paying for basic necessities has likely significantly decreased.