[fooqux]

> Economic waves never hit one sector and stop.

Unless they do, or are severely weakened. Consider the net worth of the 1% over the last few decades. Even corrected for inflation, its growth is staggering. The wealth gap is widening, and that wealth came from somewhere.

So yes, when there is an economic boom, investment happens. However, the growth of that top %1 tells me that they've been taking more and more off the top. Sure, some near the bottom may win with the decreased labor costs and whatnot, but my point is less and less do every cycle.

Full disclosure: I'm not an economist. Hell, I probably have a highschool-level of econ knowledge at best, so this should probably be taken as a "common-sense" take on it, which I already know often fails spectacularly when economics is at play. So I'm more than open to be corrected here.

[Gagarin1917]

That’s a discussion about where wealth gains are going, however my comment was about the concept of excess capital, investment, and jobs.

Yes, the wealth of the 1% has increased over the decades, but so has investment. The economy still dwarfs what it was decades ago. There are more jobs than there were decades ago.

Hopefully you see my point but now. The “waves” of economics effects objectively didn’t stop at the rich.

[Erwin]

Jeff Bezos has a 233 billion net worth. It's not because Amazon users overpaid by a 233 billion but because his share in Amazon is highly valued by investors.

My own Amazon investment in my pension has also gone up by 10x in the last 10 years, just like Jeff's. Where did the value increase come from?

Is this idea of the stock market good for us? I don't know, but it's paper money until you sell it.