In the affluent world we have had capitalism in one form or another for a couple of centuries. That is how countries of the West became the affluent world. Capitalism has given people both the liberty and the incentive to create, produce, and trade, thereby generating preosperity.
Johan Norberg
liberty people
As a result of this continuous improvement of productivity through the division of labor and technical advancement, one hour's labor today is worth about 25 times more than it was in the mid-19th century Growth and productivity alone are capable of raising real wages in the long run.
results growth worth labor division-of-labor thetimes time
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