[_8j50]

If salary rises along with inflation there is no problem. There is a mass resignation crisis right now as part of that correction, employers who raise pay will do well and the rest won't. People are also finding income outside of traditional employment.

My opinion is, bubbles burst when people panic and people panic due to lack of communication. In the past, you wouldn't see places like /r/antiwork or /r/wallstreetbets grab wallstreet's attention for example. The rich keep getting richer but they are also now better informed so that they know just how much carrot to hang on the stick for the poor. inflation is normal, hence so are bubbles. Bubbles bursting means failure of the system to sustain itself.

[foobar2021]

I’d disagree that the only reason people would panic is lack of communication. If you have enough of the events I listed happen I close each other such that the government can’t adequately respond to them, there would be a panic.

I guess my point is maybe that we’re in a fragile system rather then a bubble. It’s self sustainable in the steady state (to your point) but if it breaks it’s going to completely collapse and we just have to hope that we never reach the point where it could break. It’s a Similar line of thinking to controlled burns to manage forest fire before they get uncontrollably big. But in the USA at least, the safety net isn’t there to allow for controlled burns in the economy.