The author introduces the topic of banks skimming money off the top during good times and receiving bailouts in bad times, but does not make the connection to t

The author introduces the topic of banks skimming money off the top during good times and receiving bailouts in bad times, but does not make the connection to the real economy. Huge interventions in the economy do not happen in a vacuum. If capital chases high returns in the financial sector, it does so at the expense of investment in productive industries. If profits are generated by financial institutions leveraging the "privatize profits, socialize losses" system and then paid out to their employees, they are in essence feeding off the taxpayer to pay their bonuses. Further, wages rise in a sector when the sector is growing: seeing increased profits and/or increased investment. It's natural to see wage stagnation if the financial sector continues to skim off the top of productive industry. And finally- the prices of education and healthcare mentioned by the author are most definitely tied to loose monetary policy that benefits the financial sector. While some of these costs aren't measured in core inflation, inflation is still happening, the end result being that people make the same but have to pay more to send their kids to school, take care of their health problems, eat food, drive cars...