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However you can be both correct and wrong at the same time.
What we're seeing in US economy is the largest transfer of wealth from middle class to wealthy class in last few years.
The wealthiest 10% owns 90% of the stock value. https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-...
The zero interest rate phenomenon accelerated this, but also technology accelerates it.
We're seeing the effects in mass tech layoffs yet the tech companies continue to add trillions to their cap and bring in 100s of billions in profit per year to their balance sheets.
Total share of top 1% of all wealth rose from 23% to 32% https://fred.stlouisfed.org/series/WFRBST01134
In any case, either we need a healthier wealth curve. Or what the young generation are learning the hard way is that it doesn't make sense to have kids. It's really hard to move income classes. Technology makes this worse as the richer get richer owning capital and means of automation - which does what humans used to do much cheaper.
https://80000hours.org/podcast/episodes/michael-webb-ai-jobs...
https://pastebin.com/uix3rgBe