The coming generations will make less than those that came before. Jerry Brito says, well, so what?
Today…we are in a position to derive much of our happiness from pursuits internal to our minds. We do this by blogging, watching House of Cards on Netflix, listening to a symphony from iTunes, tweeting with friends and acquaintances, seeing their pictures on Facebook or Path, and learning and collaborating on Wikipedia. As a result, once one secures a certain income to cover basic needs, greater happiness and well-being today can be had for virtually nothing. What is the point, then, of doing materially better than one’s parents?
I kind of love this idea. I don’t think it means progressives should take their eyes off the ball of rampant income inequality, but it is comforting to know that we might be making less because we’ve reached a point in society’s development at which we need less.
Just don’t tell the Republicans.