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Overall, the productivity numbers in US have been pretty robustly growing - but there is a multi-decade tendency for this to be achieved by raising the prod/employee. In other words, it's achieved either by reducing headcount to do the same thing, or increasing the output per person. The "low hanging fruit" was all done decades ago, jobs where you cant really automate your way out and need cheap labor. It's inevitably climbing into more and more technical employees, and as you not the relative strength in the dollar makes this pretty compelling.

Honestly the problem is the standard of living of our workers is “too high”. Obviously that’s a good thing compared to some factory worker in Asia that works 12 hour days and then goes to sleep on a floor with 12 other people in the same room but if the American populace will not shell out for the pricier American goods then there really are no good solutions.

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Why is it always the silliest predictions in sci-fi books that come true?