There was the same amount of inequality a century ago in the US, so what happened at that time.
people with enough skill and compatible mindsets need no management, they care, they will innovate, improve, repair
if the structure is at odds with that, they will ask to compensate the pain by large salary bumps because pleasure is turned into pain
They didn’t import millions of poor people to do all the dirty or unpleasant jobs in their countries.
Seemed almost like an elephant in the room for a minute there.
But looking back, was it a market "correction" or maybe just a rug-pull?
You probably had to be there.
But we knew there was nothing like it until the 1970's.
So many of the people who had lived through 1929 were still alive.
Unless you were quite fortunate in the early 1970's, you would realize that 2008 was a non-event by comparison.