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The extra productivity just increased profits for the company and raise the stock price for investors. The ability to use less manpower increased profits and stock shares. Slowing pay and benefits advancements for the workers increased profits for the company and shareholders.
Companies don’t take the view of all we need to do is break even every year it’s about making more and more money every year. The actual people who put the work in to make those profits mean nothing to upper management and the shareholders they are all replaceable.
If the stock market and mega corporations were gone and there were only small regional privately owned companies you would see a huge difference in workers lives.
Probably yes