One can even just look at California itself to make this example as there are very high levels of inequality there. You certainly see compensation rise astronom

One can even just look at California itself to make this example as there are very high levels of inequality there. You certainly see compensation rise astronomically in some industries in California and an overall increase of state GDP, but at the same time, other industries do not see such rises in lock step with inflation brought on by more fortunate groups, and as a result the working class are severely rent burdened and lack a means to save or pay down debt. Its like there are two economies. There is the economy about large numbers, GDPs, market caps, stock option compensation packages, increasing real estate returns. Then there is the real world economy. People selling elote on the street. People working in convenience stores. People driving pickup trucks full of tools. People looking for the cheapest rent they can find. People going to night school at a community college. It seems that the former is only able to grow so much at the expense of keeping it out of the hands of the latter.