Good point. The other thing I often hear from people that don't view this as a problem (not suggesting this is you OP)is that, yes, its true that, the income o

Good point. The other thing I often hear from people that don't view this as a problem (not suggesting this is you OP)is that, yes, its true that, the income of the top 1 percent has grown but so has the income of everyone else (save for the bottom 5%) just not at the same rate. Your standard of living has increased slightly over just maintaining (matching inflation). Personally I think its still a problem because like it or not humans tend to get upset when there is perceived (and in this case real) injustice in the distributions of productivity gains despite not strictly being worse off. I notice a lot of this in the hierarchy working at F100 company. The higher up you go the more managers pat themselves on the back for the productivity gains seen at the company. For them increasing productivity is a mater of the size of the bonus. For those on the production floor working harder/smarter becomes a mater of having a job or not.