Yes. And the two facts are not disconnected.<p>We are seeing global inequality fall to unprecedented lows. If you&#x27;re in the top 5% (which the American middle class definitely is), then less inequality feels bad to you.<p>Global wages growth is quite high, it&#x27;s just happening in places that need it <i>way</i> more than rich westerners do, as much as that sucks for rich westerners.