[ExI] Why is “cost of living” such a big problem?

[Brent Allsop]

Why do wages seem to be falling behind inflation? I know tariffs and the
war in Iran play a role, but it seems to me that there’s more to it. I also
suspect health care is only beginning to become a major part of the
problem, as the number of expensive treatments and cures continues to grow
exponentially.



But why isn’t AI boosting productivity enough to help everyone afford more,
despite these pressures?  It seems like people aren’t doing better than
their parents were?  Why is that?



How much longer will it take? How much further into the singularity do we
need to go before the cost of living begins to noticeably decline for
everyone?
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