Same thing in Australia, the wealth coming from the resources boom has been and is being given to a few rich people, not the general public (who are having social services slashed regularly)
Yes this makes me very sad too. If you add the natural gas, iron ore, gold, etc we should be sitting on enough to run the country indefinitely. Instead the government is crying poor slashing services and selling off public assets.
We have also managed to completely hollow out the economy - there is nothing really left as all capital has flowed to the most profitable sectors (house building and resources) encouraged by public policy.
Compare Australian wages to the rest of the world. If you go on vacation to other places you see that Australians make more than people from other industrialized nations. You don't see it because your plumber wants to participate, too.
How is that relevant? Australian wages are high because of a long period of unionised action demanding better wages and working conditions in the 20th century. It's tangential to having a lot of natural resources.
Norwegian wages are good too, Venezuelan and Saudi wages are terrible.
We squandered all our mineral wealth on nonsense, have huge respect for what the Norwegians have achieved with their fund.
We have also managed to completely hollow out the economy - there is nothing really left as all capital has flowed to the most profitable sectors (house building and resources) encouraged by public policy.