AMERICA IS BROKEN, WHAT NOW? – Global Guerrillas has this terribly depressing chart showing how we have managed to destroy the connection between productivity and wages. We have to get this back on track, I think.
Separately, if we are looking for one of the culprits, the spread of maturity transformation may be one cause (if you can get past the unpleasant language that occasionally pops up).
Thought experiment: imagine a bank which lent out one times its assets rather than 10 times or 10 million times?