There are deep problems with _both_ arguments. Your "happy fun chart" does not include negative effects from the _types_ of jobs that are available now.

Nearly all good jobs are now concentrated in dense city cores, in the ever-dwindling set of large cities. This drives up the _cost_ of having these jobs. For example, the median ratio of rent to income is rising: https://www.moodyscre.com/insights/cre-trends/housing-afford...

And this "cost of work" is not only monetary but also psychological and physical (it takes longer to commute). You also don't get nearly the same amount of job security as your parents.

From the epi.org chart - it indeed misses that a lot of stuff is now cheaper. Clothes, electronics, toys and even appliances - they are so cheap that we now treat them as disposable!