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| Actual cash earnings. The inflation adjusted earnings growth of publicly traded stocks is 1.8% over the last 100 years, at times more, at times less. That is annualized earning growth (not even looking at stock price) minus annual inflation. The growth is real growth because our economy has used technology to become more efficient, amongst other things like free trade.
It does pass the eye test. Today most families live in larger houses and drive fancier cars, have a lot more toys, etc. then their grandparents had in aggregate.
I doubt they are more happy - many people's happiness seems dependent on what they have relative to others... Government cannot solve that one aside from ensuring and supporting religous freedoms and local communities imo.
Edited by reformedbanker 4/12/2025 07:38
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China matches Trumps stupid Tariff. Navarro should be shown the door.
