Maybe 1930 but certainly not 1970. Typical middle class families are worse off than 1970 as that video illustrates.
But even the reduction in work to live the 1930s lifestyle you describe is no where near commensurate with per capita GDP growth over the same period. I think that is the real thesis statement: Most people have captured only a small fraction of increases in productivity.
But even the reduction in work to live the 1930s lifestyle you describe is no where near commensurate with per capita GDP growth over the same period. I think that is the real thesis statement: Most people have captured only a small fraction of increases in productivity.