The profits are far more concentrated than before, and there are fewer public companies than before.

https://www.nytimes.com/2018/08/04/business/shrinking-stock-...

You can also easily see this in the reduced bargaining power of the bottom 3 to 4 quintiles of the American people, as evidenced by their stagnating or declining pay and higher volatility in the demand for their labor.

https://www.pewsocialtrends.org/2020/01/09/trends-in-income-...