Right, and this is always the part of the cycle where wealthy people outrun the rest the most. Which is needed since they provide the seed money for employment/new businesses. (Tempted to use an exclamation point there, heh.). The middle class does better as the cycle matures. The more wealth you build the faster it builds, and that’s true of all income classes. If we reach a point where the 1% is not doing well, decline spreads down the wealth scale to where it hurts the most.
IBTZ
Inflation adjusted per capita wages have remained flat since ~1970 even as productivity and GDP have soared.
The pie is growing, but the rich ate taking a greater percentage of the larger pie.