Australia's Future Workforce
For most of human history, not much happened from an economic perspective. The level of financial wealth and material wellbeing of society was broadly static, with economic progress so incremental that it was virtually unnoticeable.
The wealth that a person was born into was the same as what they would pass on to their descendants. That all changed with the industrial revolution when, for the first time in human history, economic progress began to occur rapidly.
Since 1750, it has taken only 50 years for living standards to double. Prior to this, improvement would have taken 6000 years.