When you think about it, there's something anachronistic about an economy where millions of people work for someone else, yet can afford a standard of living that would have been the envy of 19th-century robber barons.
Depends on how you judge the standard of living. Yes, everybody has a cell phone, a big flatscreen TV etc. but those robber barons could do some things that even Bill Gates cannot afford now. Have you seen the Biltmore House? I doubt that that house, gardens and the original land purchase could be duplicated for a billion dollars now but it only cost three million when it was originally put together.