The "working class" is not seeing their wages improve because they are fortunate to still have a JOB! We are currently at a real UE rate of about 25%, and there is absolutely NOTHING on the horizon to lead us to believe this is going away anytime soon. We just continue to extend unemployment and welfare, and spending more money on more shit we can't afford.
Now... get unemployment down to around 4%, and suddenly, you have a completely different dynamic. The "working class" then becomes in greater demand, and can leverage employers to pay them more to keep them. If the employer doesn't want to pay more, there are ample jobs out there and others who will pay more, and one way or another, the "working class" improves their income. As it currently stands, the "working class" might actually be forced to take a CUT in pay, just to keep their job!
Rich people are holding on to their money, because they are uncertain about the future, what mandates and fees are going to be imposed on them next, with this anti-capitalist administration. They aren't hiring new people, because it isn't going to be profitable for them to do so, once they have to pay all the mandated costs associated with new employees.
I laugh at the stupidity of Dummycrats who seem to think, raising taxes on the rich is going to somehow teach them a lesson or punish them for success, and return that money to the people who need it most. The reality is, rich people do not have to earn a taxable income! They are set for life, have everything they will ever need, have their kids futures taken care of, and there is absolutely no need for them to make another dime. Raising their taxes has the negative effect of making even more of them retire and move to the Caribbean, taking their wealth completely out of the game.
You can go back and look at this, I have... Every time we have ever reduced the top marginal tax rates, revenues from taxes increased in the following years. The reason? Because lowering taxes on "the rich" enables them to invest and spend, expand and grow, create new jobs and more business, and of course, more profit to be taxed.