No, previously some of the top percentile was below $500k. Now they’re all over. And beyond that statistic, the middle class is shrinking because more of them are getting wealthier. This makes incomes more unequal, yes, and it is a good thing.
Situation A: You have 1 guy making $100K and 99 guys making $25K.
Situation B: You have 10 guys making $100K and 90 guys making $25K.
Situation B is better and it has more inequality. That's what we're seeing the past few decades, as people leave the middle class (in an upward direction).
The situation A is actually better, for 90% of the people.
The single outlier is not relevant when it comes to buying power, he doesn't move the market upward. Housing, food and commodities are needed by everyone so it's fixed by the 99% and accessible to everyone.
On the other hand, that's a new market class when there are enough participants like example B. They're going to compete with one another to get all the nicest houses, locations, cars, food, etc... that will be adjusted higher in proportion to what they can pay.
