Because things are cheaper... How much is a TV now compared to the year 2000. And what quality is that TV?
It's not outpacing inflation. Which would be the real problem...
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Yes, you made my argument for me. Technology makes things cheaper by increasing production. Which is why profits are at records but wages are stagnate. So, again, with this information, would you like to change your conclusion.
Things are cheaper.
Production is up.
Profits are up.
Wages are down (inflation adjusted)
Wealth gap is highest it’s ever been.
Now it’s your turn buttercup.
Wages are down because of inflation. You are making my argument... They are not down because muh CEO is making me poor.