Is there an economist somewhere studying the opposite? Something like Technological Deficit, i.e. the extent to which technological advancement is now making things worse.
Take the example of the all year round availability of fruit and veg. This doesn't mean life is better if that fruit and veg is rubbish; rock hard nectarines, sour pineapples and strawberries that taste like cucumber water don't suggest a measurable improvement in my well being.
It could also be argued that we have now reached the point where cars are decreasing our quality of life rather than improving it. The increased journey times, serious injuries and pollution outweigh the
leather seats and Bose surround sound systems
Looking at the IT angle I wonder what percentage of the increased performance of computers goes into improving our lives, stuff like medical research, weather prediction, safety modelling etc and how much goes into frivolous/annoying/dangerous crap like casual gaming/spam/hacking.
Have we passed the optimum point at which technology enriches our lives and we're now on the down slope to where it spoils it ?
I'm off to the Great British Beer Festival for some fine ales.