EDIT: I changed up the first sentence to be less political as the downvotes reminded me HN is probably not the place for that sentiment.
It's ridiculous, because clearly automation and IT have increased output by huge factors; but clearly a number of forces (increased competition due to female candidates entering the workforce and lower-class candidates getting good education; adjustment of consumer prices over two salaries per family; etc etc) made it so that, on average, we "work" more for less pay. The work might be lighter on our bodies, and we all have running water in our homes, but apart from that we are not actually improving that much.
"We all have running water" is also a huge understatement on the improvements that have been made to American living conditions over the last several decades. As a nation we have bigger and better homes, safer and more reliable cars, cleaner air and water, unlimited access to knowledge, and the list goes on and on.
I was struck by my grandmother's stories about the sheer amount of totally manual labour she had to do in the early years of her marriage. Now I have automatic washer/dryers and don't have to make all my food from total scratch.
Giving up actually makes sense. Drugs give back that feeling of satisfaction that has gone missing from people's lives.