A Response to Paul Graham’s Article on Income Inequality
"..the standard of living for the rich has risen and the standard of living for everyone else has dropped"Really, standard of living has dropped? Just to pick one counter-example, something like 500 million iphones have been sold in the past 10 years, and over 1 billion android devices were sold last year. Compared to 10 years ago, we've given half of the planet 24/7 access to the sum of human knowledge. Seems like a pretty good step up to me.I think what you mean is wages have fallen, but standard of living has risen dramatically and only shows signs of accelerating.