It is a bit more subtle than that though, in a literal and practical sense almost all the work is done by fossil fuels. There are a lot of interesting real-world correlations on the classic wtfhappened site [0] that are more than likely linked to a sudden slam-the-breaks because oil availability became the bottleneck as production shifted from exponential to linear growth [1].

Then the response to that was the famous decoupling of money and the physical world by Nixon combined with a growing belief that control of the government and attacking political opponents is the path to prosperity.

It'd be fairer to go back to economic fundamentals and reward people based on labour rather than the current policies in the west of printing money and handing it to asset owners. I own enough assets to make do whether we do this the fair way or not, but what we're doing to hard workers is a travesty.

[0] https://wtfhappenedin1971.com/

[1] https://ourworldindata.org/grapher/oil-production-by-country...