You don’t have a smartphone, don’t use wireless networking and telecom, have no flat screen TV, don’t use the internet, and so on?
None of those things would exist if productivity was at the same level as the 1800’s.
"Hey, at least I'm not dead." as the answer to "Why haven't we seen meaningful increases in free time for first world workers over the past three decades?" is a real head-scratcher.
Many of these advances in consumer goods absolutely create more time for relaxation and enjoyment.
If we woke tomorrow and started making all goods to be long-lived, nothing single-use, fixed up the designed-in obsolescence, open-sourced everything, then we'd release people and resources for a great focus on innovation whilst simultaneously cutting production levels.
Yes, people would work less (and produce less waste). No, I don't have all the answers on how that would work out. Greed would probably cause it to fail.
Bread and circuses? I mean sure, some things are cheaper, but other things are also much, much more expensive. And maybe it's because I'm older now, but I don't think "flat screen TVs" are a good benchmark for overall wealth (I don't even own a TV).
Yet, things like healthcare, housing, childcare and education have exploded in price despite the gains of "productivity". The former are necessities to live and it's dubious that to argue that I've "gained" from productivity if you have traded the ability for me to own a home with an iPhone. The balance isn't there - and I think you have a political undercurrent of people waking up to this. What good is a flat screen TV, if I can't own a home? Have I really benefitted from productivity gains if the equation is so out of whack? Simple math tells me that while a 50in has gone from $9,000 to $1,000, a "starter home" has gone from $200,000 to $800,000. Telling me I've benefitted in this situation is to take me for a fool.
Housing: NIMBYism and lack of ability to build, mainly by strict government zoning and people who petition their local governments to not build more lest it devalue their house.
Healthcare: insurance companies trying to get away with as much as they can, while hospitals try to charge as much as they can, effectively creating a price bidding war with the consumer in the middle.
Childcare: More people working, lower supply of childcare services but demand goes up, thus price goes up.
Education: Government effectively making student debt undischargeable in a bid to get more people to get college degrees but this backfired. Administrator costs for colleges ballooning.
So, even if wages had kept up with productivity, if you don't solve the underlying reasons as to why these costs exploded, you'll have the same issues as before.
I’m not saying socialized or free market approaches are better than one another. But the approach we have taken is the worst of both.
You can’t just insure the sickest demographics - you need a distribution. Either make it universal or let the free market compete for it.
You can’t just give anyone a ton of cash to learn what they want. Either make it free for all or let the free market lend to students based on expected return.
You can’t just guarantee every mortgage which keeps interest rates artificially low. Either build social housing or let the free market set interest rates.
Imagine how different the world would look if the richest person's net worth was a few million, and wealth was distributed much more evenly. You don't even need to look at productivity for this.
Why would I increase inflation if I redistributed existing wealth, by the way?
Where did the parent say anything like this at all? I believe you're attacking a strawman.
