Adam Smith said in classical

Adam Smith said in classical economics that the reason we can eat meat is because of the greed of the butcher.

In other words, it is said that human greed develops this world.

But Char;ie Munger (investor) said that it is not developed by greed, but by envy and envy.

the world isn't driven by greed; it's driven by envy...

Rockefeller, the richest man, had no sunblock, no panicillin, no painkillers, no advil. Now even the poor have all three. But they are not happier than Rockefeller... why??
Because we have the concept that relative superiority is happiness.
In the past, few people carried luxury bags, but now many people carry them. Nevertheless, they are not happier than in the past because they feel happy through relative comparison.

In the 1950s and 1960s, middle-class people made a single income. Usually men worked and women did housework - and raised three children, had a small house, a used car had an old model, and traveled on vacation. = Plus, they saved well.

How does it compare to the present era??

If you convert the salaries of the middle class into inflation at the time
Just over $70,000 as of 2021.

Wasn't the life of the middle class more prosperous at that time than it is now?

However, the percentage of homeowners is now 12% higher, they lived in one-third smaller homes even though they had more children, and the death rate was three times higher in the workplace where food expenses were 29% of total spending (13% now).

This is what we longed for in the era of economic growth
Is it not

But don't we think the 1950s were happier

Top 1% Start-up Entrepreneurs Work 60-80 Hours a Week
I did it because I still don't have enough money."

After all, the key is the issue of expectation....
How to set expectations is the first element of happiness after all..

Quote from same as ever -