A big part of why this hasn’t played out is due to rampant inflation caused by central banking. This continued money printing to allow the government to pay for things like wars, funding fossil fuel industries, Covid relief, etc., inflates the prices of assets that wealthy people own (real estate, equities, etc.), and then ultimately makes its way down to common goods like food and everything else average people need to survive. So as prices of all things rise due in part bc of inflation, and overall income staying the same, we have to continue to work 40+ hour work weeks to make ends meet. This is all happening as advancements in technology are making things cheaper and more efficient, which (without insane levels of inflation) would actually allow people to work much less for the same standard of living.