If it's any sign, look at the homeless camps in Silicon Valley. People (outside tech) were never so broke as now, it's almost a 1920's pattern, to a limited degree. Janitors live in their cars in our parking lot because they can't afford housing. I wish they were paid more. :((
Eventually, we may need redistribution of wealth, voluntary or not, because people need at least enough food and shelter, and some path to self-sufficiency, if possible. I don't advocate rash direct wealth transfer but at first voluntary subsidization/underwriting of bare, minimal essentials (food (organic, fair trade fruits/vegetables/etc.[0]), housing, transport, education) adjusted to income.
(Santa Clara county General Assistance (GA) for singles is ~$150 USD/month and food stamps (CalFresh) is about the same... Seriously not enough to survive on but also not enough for people to hurt themselves with either.)
0: to avoid workers being sprayed with horrible chemicals and such. (Btw, in California, CRLA are cool folks.)