The stock market is falsely inflated to its current state thanks to central banks.
Continue… I am interested in your theory.
The reason people feel poorer is partially because they expect more. 40 years ago, how many people spent [HTML_REMOVED]$200/month on tv, internet, cell phone, satellite radio, etc?
BS. People work longer hours today and their money doesn't go as far (you conveniently left out housing), not to mention the fact the the reason companies are still making money is because people are buying all that shit.
I believe it was you who claimed that real wages have increased 5% in X number of years. Why should wages go up any more than inflation? Has the workforce become more skilled? It is companies, not workers who have invested in technological advances which have improved efficiencies.
It wasn't me, but that is beside the point. Why should wages outpace inflation? Does an increased standard of living interest you or have we reached that perfect amount to live in Utopia? You are basically happy having only a select few enjoy human progress but most of us are not.
I leave you with this question. When efficiency upgrades reach the point where robotics and computers are all a company needs and employees are just a burden, who buys the shit they produce? This is a balancing act. The economy must serve the people or it falls apart.