If everything—not just phones or Internet companies but everything—is giving far more performance and at the same time falling in price, a family that makes $75,000 this year and struggles to make ends meet could make $70,000 next year and the dollars would go further. And then $60,000 a few years after that and it would go further still, continuing to gain more for less with the natural deflationary trend in technology. That would allow us to step off the existing treadmill of chasing higher and higher prices, requiring ever-higher-paying jobs to keep up. That may sound radical, but if
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