I think the real problem is that wages have stagnated for so long.
People are not making what they really should be due to wages increasing at a rate less than inflation, when really, they need to be increasing at a rate equal to inflation at an absolute minimum, ideally, a good few percent above it.
So, what is the issue?
Ultimately corporate greed chasing YoY profit increases, doing so by reducing wage increases or wages themselves, eroding employee T&C's, thus reducing disposable income of people, which also has the effect of eating into corporate profits due to less people having adequate purchasing power.
The whole system will eventually totally, completely collapse unless something is done to change the route that we are going down in regards to corporate greed.
Ideally if wages increased considerably, people would have increased disposable income, which would allow them to have greater purchasing power, which in turn would feed to corporate need to YoY profits.
