Don’t try to tell me my wages are sharply increasing either, because they’re not! Nor are my friends, family, or neighbors.
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It’s not that hard — profits are also high.
It’s trickling up into off shore accounts, where it’ll never be spent again. Or the value is being stored as tokens such as modern art. Some of it will be paid back to workers, briefly, as the ultra rich buy ultra lavish things, such as personal high rises and enormous yachts.
On the whole of it, money circulates around the economy, going from person to person, entity to entity, in all sorts of willy nilly fashion.
But, there’s a tendency such that a wealthier entity is capable of spending less and keeping more. They are also better able to adjust prices. So, slightly wealthy people *tend* to hold onto money better than the median, and the median can hold onto money slightly better than the poor. Small businesses can set some prices, but only relative to what big companies set. High earners can argue for wages better than the median. And so forth.
But no matter what, there is a big fish, a fat cat, somewhere, and the money is gravitating to whatever/whomever that is.
Right now there are not even thirty mega corporations that *directly* control the vast majority of world commerce. Of course they *indirectly* control all commerce. Almost all commercial food production can traced upward to about 3 groups. These are the places where money goes to die.
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