Just about every economic historian who has looked at the issue believes that standard measures of productivity have consistently understated the true improvement in living standards for at least the past 140 years.
The standard of living has consistently improved over the years.
mnli hypothesis: The standard of living has consistently improved over the years. premise: Just about every economic historian who has looked at the issue believes that standard measures of productivity have consistently understated the true improvement in living standards for at least the past 140 years.