It's the K-shaped economy. Those not participating in the upsides are electing to either not participate in the system at all or to destroy it. Most people think Luigi Mangione is a hero.
We had a good post-WWII run. We had factories, then globalization. Massive growth for all economic backgrounds for several generations. But the world caught up. Now the average worker has to compete against their increasingly competent and economically enabled peers around the globe. Costs for everything are rising.
We used to have a super sized Big Mac economy propped up by the fact that America was (relatively) peerless. The worker saw so much upside. Now they don't even get free refills, so to speak.
I'm hoping the AI boom helps bring down the cost of goods without putting people out of work. If it goes the other way, I think we might be heading for 1790's France.