Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Yes it has - look at what kind of computer you could buy in 1980 and look at what you can buy now.

Heck most smart phones have more computational power than a 1980 computer.

So yes, the US has grown richer (money != wealth).



Unfortunately, a lot of this type of wealth generation isn't tracked by most economic measurements. Improvements in the quality of automobiles, entertainment systems, communication systems, etc. have been tremendous over the past decades, but almost none of that surfaces in statistics, mostly because to some degree such improvements are subjective and hard to measure quantitatively.


Too right. And not only that, but some of the goods and services we enjoy today didn't even exist not all that long ago.


Alice got $95 in her pocket and $100 credit in the bank. Can you say that overall she's richer from state when she had $5 in her pocket and $0 credit?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: