We Feel Poorer Because We Are Poorer: Here's Proof

Measured by the purchasing power of our wages/work, we're definitively poorer, as it takes far more hours of work now to pay rent.

Let's not over-complicate what's straightforward: we're becoming more prosperous when our wages / labor buy more goods and services, most especially the essentials of life: shelter, food, energy, utilities, transportation, higher education, healthcare and childcare. If the money we have left after paying for essentials buys more discretionary goods and …