Totally mate.
Perception of value is warped by consumerism, and also a sense of entitlement has built up around our 'rights' as humans. Pay for education? Pay for health care? No, they're human rights.
Nice sentiment but it isn't sustainable.
People would sooner pay £500 for a phone than on a doctor or an education. They are happy to splurge endless amounts of cash on shoes, clothes, pizza, beer whenever it suits them.
Priorities?
Soon society will have to make a choice what kind of world we want to live in.
If we don't want to live in a world where the biggest benefactors of capitalism are fashion chains and credit card companies not a thriving, large creative industry, we must change our perception of value.
If we keep spending all our money on beer and iPhones, sooner or later you or your descendants will be working in factories.
If you spend it on creative content, that industry grows. In that industry people have more fulfilling jobs - illustrators, writers, filmmakers, musicians, artists, journalists, bloggers.
The west will be the manufacturing capital of the world when the Chinese society advances to the middle classes. That's my theory. Better get practicing those 12 hour circuit board assembly shifts.