The economic gains are being absorbed by the billionaires who are running the asylum
Let's not forget that in the last 10 years the US has added approx 12 trillion dollars to its GDP which far outpaces inflation in that same period, meaning absolute wealth in the US has increased remarkably--and, yes, the majority of that wealth is paid out to workers who make up the largest class in the country.
Worry more about the people who can buy national elections, who make their money by owning things, not the ones with higher salaries.