Comment Yes, but... (Score 1) 524
My family and I are better off than we were, mostly because my wife and I are both software engineers... one of the few professions to do really well through the recession. But we're significantly worse off than we expected to be. That's the real question: Have your plans and hopes and dreams come true, and not just for you personally, but for the world at large? Almost everyone in the West would probably answer "No". We were used to having our expectations exceeded. Now they are disappointed.
One of the reasons software eng. has done so well is that it can deliver improvements through depreciation. A smartphone takes less energy to produce than a PC. A die shrink uses less energy per FLOP. Distributing "apps" over the internet uses less energy per sale than shrink wrap, etc. In the physical world, where it takes energy to make improvements, almost everything seems in decay. Tech bloggers call it "dematerialization".
Dematerialization is fine and good, but when it's the only kind of improvement civilization can muster for four years... it leaves something to be desired. As Peter Thiel says, "let them eat iPhones" is not a hopeful direction for the future.