Not really. People forget that most of the rest of the industrialized world at the time was devastated by one of the most destructive wars in human history. Essentially the rest of the world was dependent on US manufacturing, which was virtually unscathed.
That being said, the current situation is absolutely unacceptable. We are fully in the late stages of capitalism, and wages have not be remotely linked to productivity. The only reason anyone in the United States is living in poverty is greed. (I can't speak of other places as I don't know enough about their economies to have an informed opinion).
We live in the richest nation in the world, and the shrinking/struggling economic middle class is a direct result of Reaganomics and under-regulated free market capitalism.
I got permabanned this week for saying "Poor white people are being tricked into blaming black/brown/trans people for their problems instead of billionaires."
Apparently it was promoting hate based speech and attacks.
Reddit was kinda neat 15 years ago, it's a fucking cesspool now.