For the last 30 years, the rising tides have not lifted all boats. The mega-yachts are doing great. The long neglected dingies, skiffs, and working boats are no longer buoyant.
This is why the Government needs to resort to direct cash payments, eviction moritoriums, and the prospect of debt forgiveness (for some) to quell popular revolt for another Congressional election cycle.
The Globalists, WTO, IMF, World Bank, and Chambers of Commerce have pillaged the economies and societies of the World to the benefit of a few, elite, corrupt, wealthy multinationalists.
After 30 years of NAFTA, is the standard of living for the average Mexican that much better than 1990? Making a living wage is more challenging for Americans, though.
The New World Order has failed. Occupy Wall Street, the Tea Party, MAGA, BLM, and ANTIFA are all nascient movements to replace the current system with a different one.
Under the current economic regime, the US economy will not be able to achieve escape velocity to wean itself from government manipulated artifically low interest rates. They print more money, rather than improve the efficiencies and velocities of the existing money supply through the economy. Printing money is easier and more expeditious. The deviant mechanisms for constraining money supply are asset busts, loss write-downs and write-offs, and debt forgiveness.
Until things change, they will remain the same.