That does not mean the wealth is fairly distributed, BUT those two variables are what drive true wealth.
What politician in the West in the last 45 years has mentioned those?
All the emphasis is on wealth distribution, not generation.
That's because socialists who have been in charge in the West for many decades now (they have defined society) are all about how to slice that cake up to divide it up more socially equitable, but they never care about making/baking more cakes.
The result of their leadership is equitable poverty - where we are all equally poor.
If you want to see that in action, travel to Cuba (an extreme case), Europe (a moderate case). The more socialist, the more wealth generation / production is suppressed. Why?
In order to create “equity” like Obama strives for, you have to destroy the incentive system both corporate and for labor. Any system that incentivizes productivity, innovation, prudent risk taking, and holds people accountable creates INequity among people and in business, it allows people as well as corporations to fail.
Actually, that's the myth being sold. In reality all the idiot Leftists talking about "equity" cannot conceive of THEIR "share" being diminished to some "equity" like everyone gets the same pay. Were that to actually happen in some Leftist government, the "public servants" would all run screaming from the room.
Orwell was prescient and correct.