Depends on how you look at it. It's given us more toys and shiney things to watch and play with, but is that raising the standard of living?
Interesting question.
A few decades ago the answer was a lot clearer.
Upgrades to kitchen appliances for example created hours of extra usable time per day for a large percentage of the population.
Indirectly, upgrades increased population productivity.
As solutions were met to fulfil our basic needs, what’s next?
In recent decades, our focus of attention for upgrades = computer technology. Entertainment. Hours of consumption per day.
Capitalism works when competitive pressure = upgrades = further productivity = further upgrades
But we’ve solved all the basics. Which problems are the brightest minds in the world trying to solve today?
Upgrades in knowledge of how to get people to further digitalise their lives and voluntarily imprison themselves in the entertainment upgrades available?
Hand in hand, knowledge upgrades have made it easier than ever for smart companies to make us want shiny new toys.
What else can they sell the world?
A leisure trip to the moon? (They’re working on it)