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This is called inflation, and because of it, the value of efficiency is decreasing. Due to inflation, the programmer is not being paid any more then he was 20 years ago, yet he is expected to do 10 times more work. So has the quality of life for the programmer increased? Obviously not.
Others may argue that as we are becoming more efficient, we are producing more products, which drive the prices down. Not really. The market has a knack for always being at the top of the efficiency scale (much like new technology). So let's say that the cost of producing cars has dropped dramatically because of a newer, cheaper and more efficient engine that has been invented...
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