Another reason many of us now define ourselves by our job titles is pay scale. In order for all workers to benefit from a rise in profits, all workers would have to get a reasonable portion of those profits. Instead, between the 1960s and today, worker pay has stagnated or grown slowly (when adjusted for inflation), whereas CEO pay has skyrocketed. The profits that Keynes thought would fund a more leisurely lifestyle for all have mostly gone to a tiny percentage of the population.
