30 Years of Improvement

by Don Boudreaux on January 12, 2017

in Growth, Innovation, Standard of Living

In my latest Pittsburgh Tribune-Review column, I note some of the very many ways that ordinary Americans’ standard of living in 2017 is much higher than it was in 1987.  A slice:

Yet ironically, Americans’ immense prosperity in 2017 is revealed most vividly in riches that are difficult to see if you aren’t looking for them. Most of what makes Americans today materially far richer than Americans of 1987 are things that are so familiar now that we take them for granted. Consider just some of the goods and services that were unavailable to ordinary Americans 30 years ago: individual-serve coffee-makers (“Keurigs”), high-definition televisions, downloadable and streaming music, movies and TV shows, Lasik surgery, Viagra, smartphones, GPS navigation, laptop computers, the Internet.

Each of these items was attention-grabbing when first introduced. But they all became so widespread so quickly that they are today part of our landscape.

Even more hidden from view are smaller innovations that were either nonexistent or very rare 30 years ago. One of my favorites is plastic garbage bags, each with its own internal drawstring.

(To be clear: plastic garbage bags were widely available and used in the U.S. in 1987, but each such bag did not commonly have its own convenient, internal drawstring.)


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