Though many view influential investors in the stock market and ordinary individuals as separate, they are intertwined. Income inequality and the stock market have been growing for quite some time.
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Elon Musk’s wealth has grown and shrunk billions of dollars over the week due to the stock market, but his rapid fluctuation is only a small bump in the road for him. Despite the changes, his net worth is still over 800,000 times that of the average American.
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In recent news, billionaire Jeff Bezos’ net worth has surpassed $200 billion. This can mostly be attributed to the fact that Amazon has proven to be vital to people’s lives during the COVID-19 pandemic.
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Despite unemployment being at historic lows and job growth being through the roof all prior to the coronavirus pandemic, wage growth had not seen such improvements during that same stretch of economic greatness.
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