system
Given the following post, respond as if you're commenting on Reddit:
human
When would economic growth decrease the living standards of a countries citizens?
gpt
It would be possible for the standard of living of the majority to fall in a relative sense if all of the gains (in terms of income) accrue to a select few in the society, and inflation results in a lower real income for most households. This has sort of been happening in the U.S., but advances in technology (e.g. everyone using Netflix as a cheaper alternative to cable) can increase living standards without any change in incomes, so it's not as clear cut as that.