What he says is true, and innovation seems to affect fewer and fewer people - the rest can only dream of it.
Good drugs are being banned, electric cars are being laughed at by people who can't fathom that an electric motor can put out the same performance as a V6, smartphones can be used as full digital assistants yet they're used for phone calls/Skype and alarms, SpaceX - what's that, etc.
Not to mention that "over 3B (billion) people are below the poverty line..." as angersock said.
Those who are lucky enough to be touched by innovation surround themselves in a bubble and dismiss everyone else.