> As a result of this upward redistribution, most workers have seen little improvement in living standards from the productivity gains over this period.
I believe this to be a myth caused by lamp-posting. The world is a much better place than it was 30 years ago, we just haven't found the right way to quantify exactly how much value 'high technology' has brought to their lives.
Measurable wealth might have been redistributed upwards, but everyone is still better off regardless. I'd rather be poor today than rich twenty years ago.
I believe this to be a myth caused by lamp-posting. The world is a much better place than it was 30 years ago, we just haven't found the right way to quantify exactly how much value 'high technology' has brought to their lives.
Measurable wealth might have been redistributed upwards, but everyone is still better off regardless. I'd rather be poor today than rich twenty years ago.