Yeah agree, share of wealth definitely went up for folks who had the money to be invested in the stock market.

My recollection is that some combination of stimulus checks / COVID dynamics made it much harder to hire low wage workers, so employers were "forced" to raise wages in response. At the same time, higher wage workers who got "normal" raises were not keeping up with inflation.

https://www.reuters.com/business/us-job-growth-picks-up-may-...