It means that there is a widening wealth and income gap, and that affects people's day to day lives. It's a more risky winner take all situation, where if you're not in the right place at the right time, you risk getting left behind, and that does affect people's psyche.

People in rural areas where housing costs are not increasing might be experiencing a little wage growth, but there are fewer and fewer future work opportunities.

People in urban areas where housing costs are increasing rapidly, but wages are not increasing rapidly enough to make them feel secure...but they need to stay there in case they're laid off or need to find another employer.

Either situation isn't what's wanted, but the overall statistic is that real wage growth is positive.