I'm going by the government's latest report.
Government workers don't make nearly as much as those in comprable positions in the private sector do, so your alleged influx of government jobs wouldn't explain why wealth is at an all time high. Indeed, if government jobs were a greater parter of the mix, wealth should actually go down.
You forget the other side of outsourcing: it controls inflation. If prices are higher, people don't buy, or they buy less. That's very bad for the economy.
We live in the information age now, when non-tangibles like ideas and service are valued commodities.
And how come we weren't wealthier forty years ago, when we were a manufacturing based economy, rather than the service based one we are today?
and if you took those wealth stats, and broke them down, you would find they were heavily generational. who has wealth in the US, real wealth, not debt. older americans do. now of course, that's a normal phenomena, because they have had more time to accumulate it. but if you look at the wealth held by senior citizen americans today, and look at how their children and grandchildren are making their way through the economy - you'd see it is going to be a tough ride for the younger people. pensions are becmong a thing of the past, so is retiree medical coverage, middle aged and young people paying into social security today will get little return on that investment. 40 year interest only mortgages are becoming the norm, and debt loads are generally higher for younger and middle aged people. all these factors will mean that young and middle aged persons today, will have much harder financial times in their retirements, then current seniors do.
the best bet that these younger and middle aged persons have at accumulating real wealth is - inheritance.
let's hope grandma and grandpa don't blow it all at the casinos and the nursing homes.