A standard trope these days is that we in the middle class have been slogging through a couple of decades of woe. Wages are stagnant. Our standard of living isn’t improving. The grand forces of our time—the Internet and globalization—are failing to better our lives, and may be making things worse.
The numbers prove it. But here’s the problem: the traditional numbers used by the government and economists measure the wrong stuff for the twenty-first century.
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