I feel like a lot of this is the bottom catching up to the top. It seems high net-worths are exploding, driven by a rise in public stocks. Real estate is also ballooning. The natural minimum wage rising so quickly is the natural finish to an inflation whip.
Owners ( of assets ) have been making a killing. Pretty much any kind of asset - stocks, real estate, collectibles, crypto, etc. Of course the more you own, the better you did. So the 0.01 did much better than the 0.1% who did much better than the 1%...
