Yes, but why is it making things cheaper where it touches? Usually it's because it allows production with fewer people or by people with lower wages than before. Thus things get cheaper because some subset of people lose jobs or wages. That's fine as long as those people are able to find new jobs or supplemental income sources (many do), but I think the point here is that it's not a universal benefit. I have to agree with the parent post here - for some portion of people, technology has led to lower wages while cost of living decreases (food, products, etc.) are offset by increases in things you need to lift yourself up (healthcare, education, housing).