USA employment percentage increased over time, but US citizens didnt feel the benefit

This is the link which shows that employment increased to over 60% of the population from 40% in 1960.

So employment increased by 20 percentage points.

That means, if we go by that data alone, there is 50% increase in workforce, plus all the technological advancement which made workforce more productive.

Logically from this, it would have been expected that Americans become at the very least 50% to 100% richer than they were 70 years ago.

However, this isnt really the case. We have plenty of Americans who are living on the edge of poverty.

So despite massive increase in workforce both by percentage and actual number, and advancements in production, we are not really seeing average American enjoying the benefit.

One reason for this is massive increase in government budget.

US budget increased by more than 3 times since 2001, which is 300%.

So we could say US budget grew much faster than US workforce and its productive abilities, which is probably what negated the rise in workforce.

Thus, despite more Americans working, US wages didnt increase in the past 40 years when adjusted for inflation and when ignoring the wages of those who are payed much more than an average worker is.

The other reason is the fact that many of the employed Americans work in distribution instead of in production, and many more work in healthcare now.

Also, US trade deficit has caused huge problems, as US is actually in a great degree sustained on lots of non-US goods.

US government budget has grew much faster than US economy since 2001, which has caused a great drain on economy.

This isn't exactly a detective mystery. The wealth got siphoned off by vampires.

A larger workforce does usually mean poorer Americans.  It's why prior to women entering the workforce everyone owned single family homes and had 2 cars

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Logically, it should have meant richer Americans, but its clear that all the increase in productive abilities was spent mostly on government expenses and healthcare and military, and the wealthy ones took a good part too.

Basically, now Americans work more while living worse.

50% increase in workforce didnt lead to 50% increase in the wealth of average family.

You can have more jobs while also lowering the quality of those jobs. It's like getting minimum wage increases during inflation. It makes you feel good but somehow you end up with less stuff.

In a good economy, more people will retire early making room for others to get those cushy jobs. In a bad economy, everyone floods the job market for the scraps.

Also, there are less children being born, which is a future problem.

Less children means less work force, which increases prices and causes it to be even more expensive to have kids, which lowers birth rates even more, which again lowers work force and then again increases prices.

US can maybe rely on migrants for work force, but many other countries cant.

It's also worse because the fewer young people have little to no transferable knowledge that applies to today's job market. Most are entering the job market with 50k debt with a degree they didn't need and wasted all those years they could have gone to a trade school to get a high quality job instead of a low tier job with no skills or relevant experience.

They stopped working on their own estates/homesteads and started working for other people, and then hired others to work on their estates/homesteads.

Now they even outsource being a parent to daycare, schools, afterschool care, etc...

Production efficiency has increased, but that is because of technology not some kind of non-existential past laziness.

I have an AI robot and it is very happy about this comment.