No, for the average person the cost of a basic computing device and the rent attached to operate it, is probably eating up the extremely modest gain in income. And in modern times that's not really a luxury so much as a necessity, meaning people today are in effect earning less, significantly less for many, than they did 45 years ago.

I intentionally avoided entertainment, which is of course also greatly increasing costs even further - though that's probably at least partially balanced by the internet which provides an immense amount of entertainment for just the already accounted for baseline cost.