Pretty much every western civilization on Earth is fully capable of providing a minimum standard of living to its entire population today, let alone just a larger chunk of the pie elder group in half a century.
Its an active and intentional decision not to do so. Unless society collapses and the knowledge of how modern mass production works to produce so much plenty evaporates it will continue to take a tiny percentage of the whole population to provide the resources needed to survive to the rest.
We should be expecting a technological singularity before 2100, not some dystopia where all wealth evaporates and the only people with money left are under 30s who get to work 80 hours a week farming rice for grandma.
Its an active and intentional decision not to do so. Unless society collapses and the knowledge of how modern mass production works to produce so much plenty evaporates it will continue to take a tiny percentage of the whole population to provide the resources needed to survive to the rest.
We should be expecting a technological singularity before 2100, not some dystopia where all wealth evaporates and the only people with money left are under 30s who get to work 80 hours a week farming rice for grandma.