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I think you might not be from the US, or live in a bubble here. All around me are people on the verge of homelessness, who can't afford basic medical care, who work multiple jobs to afford rent and food, who can't afford daycare for their kids while they work. There are plenty of places where things are far worse, but there's also plenty of places where things are far better. Most western european workers get way more time off, unions, better medical care. Brazil has free medicine. China has wayyyy cheaper (and just as good) medical care. Granted these places have other problems, but I can't say that the US has anywhere near the best quality of life for an average worker.
Even if what you're saying is true, and nowhere exists on Earth where there is a high quality of life, it doesn't mean we shouldn't aim to get there.
This in Western Europe? I live in northern Europe and have traveled a lot throughout all western Europe. Where the heck is this squalor you're talking about exactly? Please be geographically specific.
It is much worse here in Latin America where you have European cost of life but Latin American wages.