Its complicated. If you are on the very lowest rung of the industrial structure, you are probably in worst conditions that working on the family farm with the local village. Things will look better monetarily, but the overall life quality will be diminished.

There would be a point that as your wealth grows it does get better but that is depended on there being others to fill the lower rung to support that.

You aren't wrong but there is also additional nuance. Clothes for everyone on the planet is just so simple nowadays due to massive excess for instance.