Yes, it's the "industrial revolution", and manufacturing, that has brought most of the world out of poverty, over the past 150 years. However, in the past couple of decades, much of the U.S. manufacturing has been moved overseas...improving the economies of those nations, while losing huge numbers of jobs for our people....all in the interest of increasing corporate profits.
The Only thing that is keeping more of our people from living in poverty is the government deficit spending to support the social programs. When we lose even more productive jobs, what are our people going to do to earn a living??? We can't all be selling insurance to each other, or creating new "aps" for Facebook. A "service" economy can only survive if it has a solid manufacturing base to support it.