Let’s not confuse making better things with improving economic conditions.

Imagine you go out for burgers once per week. The restaurant is near your house, and you were perfectly content with the hamburgers you get there. Then a new burger place opens up, that employs 30 people. Their burgers are obviously superior to your old place, the prices are good, and it’s cleaner, newer, and the people are friendlier. This business makes you happier than the old place, and everyone in the neighborhood feels the same. Eventually, the old place loses business and closes. The new hamburger place shifted the jobs, and made the burgers in town better, but it didn’t move the town forward economically.

That cycle happens everyday. While it’s a positive ratchet for society, achieving better outcomes and products for consumers, it’s not actually pushing the economy forward.