Like yourself for the last 10 years on this forum, you mean?
The irony of my post wasn't lost on me. I didn't realize it at first, but it's becoming more and more obvious.
I wanted to add another thing: despite the higher productivity and despite replacing human interaction by machine interaction, there's still a shortage of workers everywhere in my country. How is that even possible? I'd say the main cause is because labor is too cheap, and most people don't benefit from the increased productivity. That gives whoever benefits from this the incentive to get more people to work more.
To begin with, a poor person in 1964 was much poorer than a poor person in 2025, who has more access to much better goods and services.
I don't think "poor people" are a good starting point for this discussion. "The poor" in my country get money from many different government programs. It's the working middle class I'm most worried about.
Goods got much cheaper, services got much more expensive. That's why it's often cheaper to replace a product instead of repairing it. But we also
need more goods: there used to be one phone in a household, and it used to last
forever.
Also, I would not put the beginning in 1964, but rather in 1971, which is where money became completely fiat, a system which led to the creation of bitcoin as an opposition.
Agreed. I've seen graphs going back further before 1964, which makes it even more obvious there was a tipping point in 1971.