The system is free market capitalism. The economy is driven by profit and return on investments, period. Jobs and rising standards of living are side effects. Wages and labor demand vary with supply and demand.
You will have to elaborate on what you mean by ripped off. Of course there are systemic inequities.
What does the typical American worker have today compared to 50 years ago? Computers, multiplr family cars, a motorcycle, wireless devices and so on. The medical technology available today was unheard of in the 50s.
In 1950s buying power middle class was a small house, a car, washer, dryer, black and white TV, and a two week vacation. The variety of goods people can afford today was unthinkable in the 50s. The food 24/7 in supermarkets is staggering in context.
Workers are getting ripped off...yea tea yea. Get out your Castro beret and man the barricades.