This is the problem with rolling up the human experience into a price index, and then using that index to judge changes in standard of living.
Purchasing power of electronics, appliances, etc, has gotten a lot better.
Purchasing power of food has somewhat stagnated, though variety has gotten better.
It is harder for a single earner to pay for a standard three bedroom house in a good school district that is close to jobs. It is also much more expensive to buy the education admission ticket to the job market, due to cost inflation of schools and credential inflation of job requirements.
A bunch of that non-wage compensation is just going directly into bigger healthcare bureaucracy that doesn't do anything the worker, it should be considered an increase in income that is offset by a bureaucracy tax. Healthcare has gotten better, but the things that have gotten better are generally related to where the money is going.
Purchasing power of electronics, appliances, etc, has gotten a lot better.
Purchasing power of food has somewhat stagnated, though variety has gotten better.
It is harder for a single earner to pay for a standard three bedroom house in a good school district that is close to jobs. It is also much more expensive to buy the education admission ticket to the job market, due to cost inflation of schools and credential inflation of job requirements.
A bunch of that non-wage compensation is just going directly into bigger healthcare bureaucracy that doesn't do anything the worker, it should be considered an increase in income that is offset by a bureaucracy tax. Healthcare has gotten better, but the things that have gotten better are generally related to where the money is going.