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Your claim is very theoretical. In practice, everyone in the world has grown increasingly wealthy, and unemployment levels are lower than ever.

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In the United States, the labor force participation rate for men has been in secular decline since 1950 (and perhaps earlier—-the Fred data only goes back to 1948):

https://fred.stlouisfed.org/series/LNS11300001

For women, since about 2000:

https://fred.stlouisfed.org/series/LNS11300002

Combined:

https://fred.stlouisfed.org/series/CIVPART

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