We have more stuff than 40 years ago, but less than 20. What also changed is that many single income households are double incomes now. Or that people are working 60-80 hours a week.
15 years ago you also could buy a second hand car for cheap, but since then the gas price quadrupled. You can have a DVD player for the same price as a VCR 20 years ago, but does it really mean the quality of life has improved? Over time we also lost quite a few things, like real food or personal service.
But still you are looking at now, and more specifically to your personal situation at the moment, and not on what's happening and what the future will bring.
If cheap labor disappears a part of that group will become competitors in an already overcrowded market. And as I mentioned before, the global marktplace and internet is going to work against us. We will end up fighting over breadcrumbs, and only a very few, those with a truly unique skillset, will manage to have a somewhat decent lifestyle.
What you also forget, a big part of our current wealth is based on air. On big loans we used to pay for cheap labor in far away countries. And one day those loans will have to be paid back.
But try to imagine what would happen to your life when the dollar would become complete worthless overnight. Do you have enough goods to buy your way around, or do you still have the right skills to make a decent earning?
15 years ago you also could buy a second hand car for cheap, but since then the gas price quadrupled. You can have a DVD player for the same price as a VCR 20 years ago, but does it really mean the quality of life has improved? Over time we also lost quite a few things, like real food or personal service.
But still you are looking at now, and more specifically to your personal situation at the moment, and not on what's happening and what the future will bring.
If cheap labor disappears a part of that group will become competitors in an already overcrowded market. And as I mentioned before, the global marktplace and internet is going to work against us. We will end up fighting over breadcrumbs, and only a very few, those with a truly unique skillset, will manage to have a somewhat decent lifestyle.
What you also forget, a big part of our current wealth is based on air. On big loans we used to pay for cheap labor in far away countries. And one day those loans will have to be paid back.
But try to imagine what would happen to your life when the dollar would become complete worthless overnight. Do you have enough goods to buy your way around, or do you still have the right skills to make a decent earning?