I think a (slightly cartoony) real life example is servants. Rich people today are richer than rich people in Victorian times, but fewer rich people today (in developed countries) can afford to have servants.
It’s not really a question of developed countries. Singapore is a developed country and it’s much cheaper to hire servants over there.
Western ideas of equality and migration policy are what’s making servants more expensive.
It’s not really a question of developed countries. Singapore is a developed country and it’s much cheaper to hire servants over there.
Western ideas of equality and migration policy are what’s making servants more expensive.