Except that standard of living has been propped up by debt. Meanwhile productivity has skyrocketed during that time, and it's not like there aren't financial gains coming along with that increase in productivity - there are. They're just being vacuumed up by the top 1% -- the executives and major share holders.
So really, that's a bit of a strawman. The issue isn't that there isn't enough to go around and we should be thankful that we haven't become China. The issue is that a small proportion of the population has manipulated law and the markets to allow them to make off with the wealth, while the rest of us have been screwed over.
...and that's a dangerous thing to allow for many, many reasons.
So really, that's a bit of a strawman. The issue isn't that there isn't enough to go around and we should be thankful that we haven't become China. The issue is that a small proportion of the population has manipulated law and the markets to allow them to make off with the wealth, while the rest of us have been screwed over.
...and that's a dangerous thing to allow for many, many reasons.