Roughly yes. How are we still working 40hrs/week just to put a roof over our head and feed our families when we are equipped with technologies that have exponentially increased the productive output of each individual?

The answer is that land has gotten more expensive, so everything on it has gotten more expensive. The solution is not to avoid wage increases, as this “FUD” accusation assumes, but to raise wages and tax the daylights out of landowners (like myself) so society can recoup the benefits of its productivity!