Unless you REALLY love the great outdoors, given the choice between your cell phone and indoor plumbing, I think it’s a no-brainer. In terms of innovation, can our country sustain the kind of economic growth we’ve had since the early 1900s? Will innovation keep up with those kind of inventions – indoor plumbing and electricity? I watched a fantastic video of Robert Gordon, Economist, present a case that we may have seen the best of times, and as a result, future generations will not do any better than we have.
According to his premise, there are factors which have enabled every generation to do better (by double) than their parents’ generation: demographics, education, debt and inequality. Check out the video below — I would give up almost anything… my cell phone, car, even electricity to have indoor plumbing. The thought of going outside in 10 degree weather to the outhouse — no thank you. I believe Gordon may be right — the last 100 years has been a unique period of time which allowed each generations’ standard of living to blow away the prior generations’. Or perhaps we’re on the cusp of inventions like tele-transporting (not geeky enough to know if that’s correct) – Beam Me Up Scotty! What do you think?