> Worker shortages are no joke, there are $20/h+ jobs that people aren't willing to do.
You can arbitrarily choose any wage level and complain that people are not choosing these jobs. The wage is not the point - the purchasing power is.
$800 a week is not a whole heap of purchasing power when you throw in things such as housing, medicals, etc, etc, especially if the person is time poor (due to commuting, schooling or other committments).
> It's almost as if a crash and a depression has to happen because of human psychology.
False choice. There are other paths that do not lead to a crash and depression, but these might force the upper classes to take a haircut on their expected wealth growth. Then again - for many people the rich becoming slightly less rich is pretty much the end of the world, I suppose.