What is Occupy Wallstreet?

[eppie]

To clarify my position: I believe low-end workers are better off today than 60 years ago, just that the improvements they have seen are tiny by comparison to the enormous gains made by the top income brackets.

Your calculations are incorrect, because what Kandrathe posted was real GDP/capita, not nominal, and therefore is already adjusted for inflation.

-Jester

But this is of course a pretty disputable thing.

Should we all just be happy because we have much better lives than cavemen?

And also in communist societies the next generation would be on average better off than the previous.

Fact is just that psychology plays an incredibly big role in people's well-being. So your wealth compared to the average wealth of your peers is important. I mean take the rich guy that commits suicide because his company goes bankrupt. He would have still been able to have a good life (especially if he kept his private possessions separated) compared to people in most parts of the world but he apparently can't handle the psychological pressure.

The 'we get better off an richer mantra' again is something mainly told by rich people.